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Achievements of Public Enterprises
Achievements of Public Enterprises
Public enterprises have played a stellar role in speeding up the process of industrial
development in the country. They have served the needs of the nation and ensured that
products and services are made available to consumers at affordable costs. The following are a
few of the achievements of public enterprises:
4. Restricted the growth of private monopolies and protected consumers against the evils of
private monopolies.
6. Served as a model employer, providing good remuneration, job security and welfare facilities
to employees.
8. Set up industries with a focus on import substitution to conserve foreign exchange resources
and achieve self-sufficiency.
9. Taken over sick industrial units, restructured them and converted them into viable units.
11. Set up a network of financial institutions which have financed the growing needs of the
industry.
12. Promoted the growth of village, cottage, traditional and small scale enterprises by providing
advice, consultancy, finance and marketing facilities.