The Prime Minister's Office, PMO has asked the Central Public Sector Enterprises, CPSEs, to enhance investment in the economy utilising the substantial cash surpluses to boost economic growth. The CPSEs have also been asked to adhere to their commitments of investment and take steps to fulfill the targets of the current fiscal. Principal Secretary to the Prime Minister sent out this message to the heads of cash-rich CPSEs and the secretaries of the concerned departments including power, coal, steel and Petroleum and Natural Gas.

It was decided in the meeting to monitor the progress in achieving the targets of investment and capital expansion on quarterly basis to ensure that there are no slippage. Capital expansion plans for important CPSEs were also finalised in the meeting. The CMDs have been directed to bring any issue relating to clearances to the notice of Cabinet Committee on Investment, CCI. The meeting was held to review the capacity expansion and investment plans of the CPSEs. The meeting assumes significance in the back drop of slow down in industrial and economic growth.