Public Sector Undertakings (PSUs) in Gujarat are established under different acts depending on their nature and purpose. Here are some of the important acts under which PSUs in Gujarat are established:[7]
Gujarat State Financial Corporation Act, 1951: This act provides for the establishment of the Gujarat State Financial Corporation (GSFC), which provides financial assistance to small and medium-scale industries in the state.[9][10]
Gujarat Industrial Investment Corporation Act, 1972: This act provides for the establishment of the Gujarat Industrial Investment Corporation (GIIC), which provides financial and technical assistance to industrial units in the state.[11][12]
Gujarat Industrial Development Act, 1962: This act provides for the establishment of the Gujarat Industrial Development Corporation (GIDC), which is responsible for the development of industrial estates, providing infrastructure facilities to industries, and promoting industrial development in the state.[13][14][15][16][17]
Gujarat Mineral Development Corporation Act, 1961: This act provides for the establishment of the Gujarat Mineral Development Corporation (GMDC), which is responsible for the exploration, exploitation, and processing of minerals in the state.[18]
List of PSUs
Public Sector Undertakings (PSUs) are government owned establishments, which are established and owned by the Government of India or State governments of India. The public sector undertakings are established either by nationalisation or an executive order in case of union government and state government or act of parliament in case of union government and act of state legislature in case of state government with the purpose to earn profit for the government, control monopoly of the private sector entities, offer products & services at an affordable price to the citizens, implementation of government schemes and to deliver products & services to remote locations of the country.
Statutory corporations are government establishments brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments.
List of statutory corporation in Gujarat by sector:[20]
