Privatisation of Public Sector Undertakings (PSUs) is not in national interest and the Tamil Nadu government would oppose the Centre’s move, Chief Minister M K Stalin informed the State Assembly on Thursday. The PSUs of India are public assets that are designed to nurture economic growth and provide job opportunities and these are the bedrock of small and micro enterprises, Stalin said. 

“The public sector companies are common property and they are important for small businesses, economic growth and generation of employment in our country. In our view, it is not in the national interest to sell or lease out public sector enterprises that operate in the interest of the people, not for profit alone,” he added.