New Indian Express reported that Steel Executives’ Federation of India General Secretary Mr Bimal Bisi has sent an e-mail to the Prime Minister’s Office suggesting a merger of all steel PSUs and urged the PMO to facilitate the release of arrears of steel executives. Mr Bisi said a holistic approach is needed for benefit of the Central Public Sector Enterprises with the country poised to become a 5 trillion economy.He wrote “Consolidation in business peripherals and activities of SAIL, RINL, NINL, NMDC and MECON is needed to give edge over competitors. After the merger, the conglomerate’s combined capacity would increase to 30 million tonne per annum crude steel.”
New Indian Express reported that Steel Executives’ Federation of India General Secretary Mr Bimal Bisi has sent an e-mail to the Prime Minister’s Office suggesting a merger of all steel PSUs and urged the PMO to facilitate the release of arrears of steel executives. Mr Bisi said a holistic approach is needed for benefit of the Central Public Sector Enterprises with the country poised to become a 5 trillion economy.He wrote “Consolidation in business peripherals and activities of SAIL, RINL, NINL, NMDC and MECON is needed to give edge over competitors. After the merger, the conglomerate’s combined capacity would increase to 30 million tonne per annum crude steel.”
