“This was the fourth in the ongoing series of meetings that the finance minister is having with various stakeholders to accelerate the economic growth in the background of Covid-19 pandemic,” the statement said.
Till the first half of the year (H1), these PSUs spent around Rs 37,423 crore, which was just 32 per cent. In FY 2019-20, against a capex
target of Rs 1.11 trillion for the 14 CPSEs, they spent nearly Rs 1.16 trillion or nearly 104 per cent, the statement said.
FM Sitharaman expounded that more co-ordinated efforts are required at the levels of secretary of concerned ministries and heads of CPSEs
to achieve Capex targets.
While mentioning the significant role of CPSEs
in giving a push to the growth of the Indian economy, the Finance Minister encouraged the CPSEs
to perform better to achieve their targets and to ensure that the capital outlay for FY 2020-21 is spent properly and within time. She further said that better performance of CPSEs can help the economy in a big way to recover from the impact of Covid-19.
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