The public sector Restructuring and Internal Audit Board (RIAB), which is engaged in bringing more public sector undertakings (PSUs) into profit and introducing more professionalism, will be renamed as Board for Public Sector Transformation, Minister for Industries P. Rajeeve has said.
He was addressing heads of PSUs at a workshop for chairpersons of the public sector units organised by RIAB here on Saturday. He said that PSUs should have financial discipline, be competitive and use their human resources to work for profit.
Mr. Rajeeve said that PSUs in Kerala should become an alternative to privatisation of Central PSUs and called upon heads of units to make the units profitable and professional in their operations. Kerala PSUs would be the pride of the State, he said.
