Public Sector includes Government departments as well as government companies in centre or state sector, irrigation and power projects, railways, posts and telegraphs, ordnance factories and other departmental undertakings and banking, insurance, financial and other services. Today it employs more than 23 lakhs people including casual workers. In the last our decades, growth of public sector enterprises is remarkable in terms of investment, production, profitability and range of activities. As on March 31,
1993, there were 245 Central Public Enterprises (excluding nine companies with Central Government investments but without direct responsibility for management, six insurance companies and three financial institutions) out of which 165 enterprises were engaged in manufacturing/ producing goods and 72 enterprises were engaged in rendering services.