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CPM proposes ending protectionism for loss-making PSUs, suggests PPP model

KOLLAM: In a major policy shift, the CPM has proposed to end “protectionism” extended to loss-making PSUs that are beyond revival and instead hand them over to private entities to operate on a PPP model. The policy document, 'Novel Ways to New Kerala', presented by Chief Minister Pinarayi Vijayan at the party state conference, has taken forward the capitalist shift the CPM had adopted in its last meet in 2022. The document also suggests that the government explore ways to engage with private players and sign contracts for the management of such PSUs, with clearly delineated conditions. It was in the new Kerala document presented at the 23rd state conference in Ernakulam that the CPM indicated its shift towards private capital.

New Indian Express

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