New Delhi [India], In a comprehensive rebuttal to the persistent claims made by the opposition regarding the status of Public Sector Undertakings (PSUs) in India, Finance Minister Nirmala Sitharaman took to her official social media handle on Gave a presentation. A detailed account of the prosperous condition of PSUs under the leadership of Prime Minister Narendra Modi The condition of PSUs under the current government is destitute. He said, "The India ecosystem and especially Rahul Gandhi's repeated claims that public sector undertakings (PSUs) are being dismantled and are in disarray under the current government, is a textbook example of 'Ulta Cho Kotwal'." Scolded. Sitharaman provided lots of statistics get it done And compared it with examples to show the remarkable transformation and growth of PSUs under the Modi government. He highlighted the revival of PSUs like Hindustan Aeronautics Limited (HAL) under the leadership of Modi government. Thrown light on.There was also a malicious attack on Hindustan Aeronautics Limited (HAL), contrary to their claims, under PM Narendra Modi, the market valuation of HAL increased by 1370 percent in just 4 years, from Rs 17,398 crore in 2020 to Rs 2.5 lakh as of May 7. It became crores of rupees. 2024. HAL announced its highest ever revenue of over Rs 29,810 crore for FY 2023-24 on March 31, 2024 and has a strong order book of over Rs 4,000 crore. These figures hardly indicate a “weak” institution, but rather one experiencing significant fortification, the Finance Minister posted on Twitter. The Finance Minister said it was the Congress Party that had crippled India, relying too much on imports instead of empowering institutions like HAL. Congress has shown lack of confidence in our country's scientists and engineers, promoting dependence on imports, which has branded India as the world's largest arms importer for many years, it is only under PM Modi that We see significant changes - India's transformation from an import-dependent country to now proudly stepping into the role of an arms exporter, increase in defense spending and the goal of achieving 'self-reliance' in defense have led to the growth of BEL, HAL, Mazagon in the financial year. The development of public undertakings like docks etc. has been promoted.In 2023-24 alone, India is set to export arms worth Rs 21,000 crore. This achievement reflects the strong faith of our government in our scientists and engineers, which is completely contrary to India's vision.'' Nirmala Sitharaman also said that Congress made false claims about people losing jobs after disinvestment. Take Air India for example. It was a pre-condition of the government for the buyer that the employees would not be removed or retrenched. For a period of 1 year, there will be a voluntary retirement exemption before retrenchment on less favorable terms than the maximum profit, even after 1 year, gratuity benefit will also be given after a transparent disinvestment. There has been significant improvement in operations.More than 7500 NE employees (both flying and ground staff) have joined the company since privatization, leading to a significant increase in employment opportunities India is planning to expand its fleet to Boeing and Airbus at an estimated cost of US$70 billion. Ready to buy 470 aircraft from IPL." FM posted on X. "Similar change has taken place in NINL (Neelachal Ispat Nigam Limited) after privatization. - There has been a significant change in the operation of the plant. The plant started operations within 3 months (October 22) of acquisition.- Blast furnace production scaled up to full capacity of 1.1 MTPA within 6 months of startup. The coke plant has been repaired and production is set to begin in September 2023. A plan is being worked out for expansion from 1 MTPA to 4.8 MTPA. - Disinvestment has not only improved operations but also benefited the employees. With the disinvestment, dues of Rs 387.08 crore were paid to the employees,'' the FM further said.FM Sitharaman asserted that the claims made by Congress and Rahul Gandhi regarding PSUs are baseless, as the facts show a different picture of growth revival. , and there was better performance under Modi government.