The Union Finance Ministry is set to upgrade four prominent Central Public Sector Enterprises—Cochin Shipyard Ltd, Goa Shipyard Ltd, Garden Reach Shipbuilders & Engineers Ltd, and MOIL Ltd—from Miniratna to Navratna status in the coming months, a senior government official confirmed. The move is part of the government’s broader strategy to empower high-performing CPSEs with greater autonomy and financial authority under the Navratna scheme, launched in 1997 to help select PSUs leverage their comparative advantages and emerge as global players.
Four PSUs Likely to Get Navratna Upgrade as Govt Eyes Strategic Empowerment
