public sector enterprises

• public sector enterprise

  public sector enterprise means state ownership and operation of industrial, agricultural, financial, and commercial undertakings.
• state ownership

  wholly owned by central or state government or local authority, or jointly owned by 2 or more of them.

  the state must have at least 51% share in ownership.
• state control

  ultimate control of a public enterprise lies with the government, which appoints its board of directors and the chief executive