The Department of Public Enterprises has moved a Cabinet Note proposing to create a Public Sector Development Authority for unlocking the prime lands owned by the Public Sector Enterprises of the Central Government. These lands are mostly in the central place of the cities and towns and will fetch high prices. The Corporates and the Private companies have been pressurizing the government to sell these lands for real estate purposes etc. It is suggested that the proceeds of the sale would be used to make the loss-making PSUs to become financially viable. But the fact is that as in the case of mines, water, spectrum etc. the land also will be sold at cheap rates to the corporates resulting in windfall gains and heavy loss to the government and the nation.
The proposal has to be seen as part of the neo-liberal policy of the government using the nation’s assets for maximization of profit for the corporates and the MNCs.