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Surplus Amount of CPSEs for Expansion and Overseas Acquisitions.

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..... Surplus Amount of CPSEs for Expansion and Overseas Acquisitions.
News and Press Release
Dated:- 6-9-2012

Press Information Bureau Government of India Ministry of Finance 06-September- .....

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..... 2012 17:34 IST Surplus Amount of CPSEs for Expansion and Overseas Acquisitions The Government has approved the implementation of a policy for acquisition of raw material assets aboard by CPSEs in Oc .....

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..... tober, 2011. The objective of the policy is to put in place a fast track and coordinated decision making process in order to facilitate acquisition of raw material abroad by CPSEs for the requirement .....

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..... of manufacturing sector in the country As per Public Enterprise Survey 2010-11 placed in the Parliament on 22.03.2012 all Central Public Sector Enterprises (CPSEs) taken together have a total cash an .....

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..... d bank balance of Rs. 284153 Crores as on 31.03.2011. Decisions on investment/utilization of surplus funds in various projects, expansion, diversification, joint ventures, subsidiaries etc. are taken .....

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..... by the Board of the CPSEs based on their corporate plans. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today. .....

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..... ***** DSM/RS/Hb
News - Press release - PIB .....

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