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New Delhi, May 26

Public Sector Enterprises (PSEs) need to develop their own expertise and skills to ably invest their huge reserves and surpluses, Dr S.M. Dewan, Director General, SCOPE, has said. Inaugurating a workshop on `Real Options in Capital Investment', Dr Dewan said that the top 20 public enterprises are having surpluses estimated at Rs 2,50,000 crore. Today, PSEs are investing in banks and Government securities and now the Government is seriously thinking of allowing PSEs to invest in equity and debt mutual funds, whether public or private. Pumping even a part of this into mutual fund instruments, which have assets of around Rs 3.5 lakh crore, will have major impact. Therefore, PSEs need to be cautious lest it causes a disequilibrium in the market, he said.

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