PSU stands for various terms. Discover the full forms, meanings, and possible interpretations of PSU across different fields and industries.
Public Sector Undertakings (PSUs) are government-owned corporations that play a pivotal role in the economic development of a country. These entities are established to undertake commercial activities on behalf of the government, often in sectors deemed strategic or essential for national interest. PSUs are known for their significant contribution to employment generation, infrastructure development, and ensuring the availability of essential goods and services at reasonable prices.
In the context of Business, PSUs are instrumental in implementing government policies aimed at socio-economic development. They operate across various industries, including energy, telecommunications, and transportation, often enjoying monopolistic or dominant market positions. Despite their public service mandate, PSUs are increasingly adopting corporate governance practices to enhance efficiency and competitiveness in the global market.
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