Govt has no business to be in business: PM Narendra Modi | News – Times of India Videos

Prime Minister Narendra Modi made a strong pitch for privatisation of public sector units, saying that the government has “no business to be in business”. PM Modi said that the Centre is going ahead with the mantra of “Monetise and Modernise”. While speaking at a webinar on privatisation, PM Modi said that the private sector brings efficiencies and creates jobs. He said that many PSUs (public sector units) are loss-making and are supported by taxpayers’ money. “The government has many underutilised assets and those would be monetised to garner Rs 2.5 lakh crore,” PM Modi said.