PSUs SET TO LOSE PURCHASE PREFERENCE FROM APRIL

Public sector companies such as BHEL , SAIL, Bharat Earth Movers (BEML), Telecom Consultants India (TCIL) and ITI should be ready for tough competition. The government Plans to scrap the purchase preference policy from April 1,2008. The department of public enterprise (DPE) has
issued a circular in this regard to all the central public sector enterprise(CPSE). Central PSUs
get 10% price preference under the prevailing policy.