The economy of Kerala is the 9th largest in India, with an annual gross state product (GSP) of ₹9.78 lakh crore in 2020–2021. Per-capita GSP of Kerala during the same period is ₹257,711 (US$3,100), the sixth largest in India. In 2019–20, the tertiary sector contributed around 63% of the state's GSVA, compared to 28% by secondary sector, and 8% by primary sector.
Hindustan Newsprint Ltd. (HNL) was a government company in the Indian Central Public Sector. HNL was incorporated under the Companies Act, 1956, on 7 June 1983, in Kottayam district, Kerala. HNL is a former fully owned subsidiary of Hindustan Paper Corporation Limited (HPC) which is fully owned by Government of India. It is now a public sector undertaking under Government of Kerala. It was renamed as Kerala Paper Products Limited (KPPL) in 2021.
Coal India Limited (CIL) is an Indian public sector undertaking and the largest government-owned coal producer in the world. Headquartered in Kolkata, it is under the administrative control of the Ministry of Coal, Government of India.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company, headquartered in Mumbai. It is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It operates three refineries in Bina, Kochi and Mumbai. BPCL was ranked 309th on the Fortune Global 500 list of the world's biggest corporations in 2020, and 1052nd on Forbes Global 2000 in 2023.
HLL Lifecare Limited (HLL) is an Indian healthcare product manufacturing company based in Thiruvananthapuram, Kerala, India. It is a Government of India-owned corporation.
The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.
Bengal Chemicals & Pharmaceuticals Ltd. (BCPL), formerly Bengal Chemical & Pharmaceutical Works Ltd. (BCPW), is an Indian central public sector undertaking under the ownership of Ministry of Chemicals and Fertilizers, Government of India. lt manufactures industrial chemicals, pharmaceuticals like antibiotic injectables, tablets and capsules; and household products.
Bharat Pumps & Compressors Limited (BPC) is a central public sector undertaking under the ownership of Ministry of Heavy Industries, Government of India. The psu manufactures Reciprocating pumps, Centrifugal pumps, Reciprocating compressors, and high pressure seamless Gas cylinders. Headquarters in Allahabad.
The Kerala Financial Corporation (KFC), a public sector undertaking, is a state-owned financial corporation. The Kerala Financial Corporation (KFC) was established by the State Financial Corporations Act of 1951, passed by the Kerala Legislative Assembly, to accelerate the industrial growth of the state of Kerala. The corporation was formally founded as the Travancore Cochin Financial Corporation on 1st December 1953 and was later renamed Kerala Financial Corporation in 1956 following the state's reorganization. KFC now has 21 branch offices with its headquarters in Thiruvananthapuram.
Braithwaite & Co. Limited is an Indian public sector undertaking which is engaged in the manufacture of railway wagons, cranes and other engineering services. It is wholly owned by the Government of India and under the administrative control of the Ministry of Railways. Its headquarters are located at Kolkata, West Bengal.
Fertilizer Corporation of India Limited (FCIL) is a public sector undertaking in India under the ownership of Ministry of Chemicals and Fertilizers, Government of India.
Public Sector Undertakings (PSU) in India are government-owned entities in which at least 51% of stake is under the ownership of the Government of India or state governments.These type of firms can also be a joint venture of multiple PSUs. These entities perform commercial functions on behalf of the government. Depending on the level of government ownership, PSUs are officially classified into two categories: Central Public Sector Undertakings (CPSUs), owned by the central government or other CPSUs; and State Public Sector Undertakings (SPSUs), owned by state governments. CPSU and SPSU is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSUs are granted the status of Maharatna, Navaratna, and Miniratna.
The Oriental Insurance Company Ltd. (OICL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in New Delhi, the company has 29 regional offices and more than 2,000 active branches nationwide. It also has branches in Nepal, Kuwait, and Dubai that together yielded a Gross Premium of ₹377.70 crore (US$45 million) during the year 2022-23. It recorded a gross premium of ₹15,993 crore (US$1.9 billion) in the financial year 2022–23.
Disinvestment of Public Sector Undertakings in India is a process of public asset sales done by the President of India on behalf of the Government of India. It can be directly offered for sale to the private sector or indirectly done through a bidding process.
Kerala Electrical & Allied Engineering Co. Ltd., also known as KEL, is one among the largest productive public sector undertaking, fully owned company by the Government of Kerala. The company was founded in 1964 and is based in Kochi, India.
MSTC Limited is a central public sector undertakings under the Ministry of Steel, Government of India. It is involved in diversified e-commerce services. Its corporate office is in Kolkata, West Bengal with regional branch offices in various other cities. The company reported a net profit of INR 112.95 crore for fiscal year 2020-21. Incorporated on 9 September 1964, MSTC has 344 employees.
The Kerala Ceramics Limited is a fully owned Government of Kerala ceramics products manufacturing company, situated at Kundara in Kollam city, India. The company produce earthenware and spray dried coating grade as well as filler grade Kaolin for paint, paper manufacturing industries.
Disinvestment in India is a policy of the Government of India, wherein the Government liquidates its assets in the Public sector Enterprises partially or fully. The decision to disinvest is mainly to reduce the fiscal burden and bridge the revenue shortfall of the government. The key engine in achieving growth in India during post-independence was played by Public Sector Enterprises (PSE). Among other responsibilities of PSE's post-independence, the social and developmental obligations of the nation were most important, which resulted in these units escaping competitive race. Later on the activities of the PSU's were divergent, concentrating towards more non-core areas like hotels and consumer goods among others. Further, the public enterprises were used as tools for political and bureaucratic manipulation; which was consequential in low capacity utilization, reduced productivity, failure to innovate, and complex decision-making processes on vital issues of development.
