Scribd
Upload
46 views8 pages

A Presentation On Privatization: Presented By:-Chaitali Sailor Hemul Shah Niharika Rana

This document presents information on privatization. It defines privatization as involving the private sector in ownership or operation of public sector units. Privatization was introduced in India by former Prime Minister Rajiv Gandhi. It discusses reasons for privatization like poor efficiency in public sector organizations. It outlines three ways of privatization: ownership measures, organizational measures, and operational measures. Finally, it notes benefits of privatization like improved efficiency but also drawbacks like possible unemployment and opposition from unions.

Uploaded by

patelpayal
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
46 views8 pages

A Presentation On Privatization: Presented By:-Chaitali Sailor Hemul Shah Niharika Rana

This document presents information on privatization. It defines privatization as involving the private sector in ownership or operation of public sector units. Privatization was introduced in India by former Prime Minister Rajiv Gandhi. It discusses reasons for privatization like poor efficiency in public sector organizations. It outlines three ways of privatization: ownership measures, organizational measures, and operational measures. Finally, it notes benefits of privatization like improved efficiency but also drawbacks like possible unemployment and opposition from unions.

Uploaded by

patelpayal
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 8

A

Presentation on
Privatization

Presented By:-
Chaitali Sailor
Hemul Shah
Niharika Rana
A
Presentation on
Privatization

Presented By:-
Chaitali Sailor
Hemul Shah
Niharika Rana
WHAT IS PRIVATIZATION?

Definition:-
“Privatization is the general process of involving the private sector in the
ownership or operation of public sector unit.”
 The concept of Privatization was firstly introduced in India by our late prime
minister Mr.Rajiv Gandhi.
 It means transfer of ownership or management or both of public enterprise
to private sector.
 It also includes the withdraw of state or government from any sector fully or
partilly.
 We can say that Privatization means expansion in the role of private sector in
the economic activities carried out in the country.
 It also means gradual increase in the share of private sector in the national
income, employment, export earning etc. .
Why Privatization?

Poor efficiency, unproductivity & corruption in PSO.


Unwillingness of the government to continuous with the
loss making units.
Lack of infrastructure in public sector unit.
Lack of sufficient technology in PSO.
Low investment in PSO.
Provision in the industrial policy 1991.
Ways of Privatization:-
There are basic 3 measure to determine ways of privatization.
1. Ownership Measure :-
 De-nationalization
 Joint venture
 Management BUY-out
2. Organization Measure:-
 leasing
 re-structuring
• Financial restructuring
• Basic re-structuring
3. Operational Measure
Benefits & Drawbacks of Privatization:-

•Benefits of Privatization:-

 Improvement in efficiency.
 Reduction in Government’s Burden.
 Repayment of the debt.
Drawbacks of Privatization:-

• Lack of Adequate Funds with the Private parties.


• Strong opposition from the bureaucracy & labor unions.
• Possibility of unemployment.
•
• High Prices.
THANK YOU

You might also like