3. Public sector industries are owned by the Central or state govern
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3. Public sector industries are owned by the Central or state govern
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1
Answer:
A state-owned enterprise in India is called a Public Sector Undertaking (PSU) or a Public Sector Enterprise. These companies are owned by the union Government of India or one of the many state or territorial governments or both together in parts. The company stock is majority-owned by the government in a PSU.
Explanation:
Central Public Sector Enterprises (CPSEs) are those companies in which the direct holding of the Central Government or other CPSEs is 51% or more. As on 31st March 2019, there were 348 CPSEs (excluding insurance companies).
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