Central government is closing or privatising its PSUs one after another on the plea of loss making. Due to the anti-PSU policy of the Modi government, many profitable PSUs are drifting towards loss.
But in Kerala, the situation is different. While under the UDF rule led by Congress most of the state PSUs posted loss. There was corruption, misuse of funds etc. But after the LDF government came one and half years back, the PSUs have started improving and many of them have become profit making.
While in the UDF rule the total loss of the 42 PSUs under the Kerala government was Rs. 113 crore. During the last one year under the LDF rule, these PSUs has posted a total profit of Rs. 34.19 crore. This is the result of the pro-PSU policy of the government.