THE GOVERNMENT WHILE REGULATING THE BUSINESS ACTIVITIES OF PRIVATE ENTERPRISES WENT IN FOR PARTICIPATION IN BUSINESS AND SET UP PUBLIC ENTERPRISE IN AREAS, LIKE COAL INDUSTRY, OIL INDUSTRY STEEL MANUFACTURING, BANKING, INSURANCE, ETC THESE UNITS ARE NOT ONLY OWNED BY CENTRAL, STATE OR LOCAL GOVERNMENT, BUT ALSO MANAGED AND CONTROLLED BY THEM AND ARE TERMED AS PUBLIC SECTOR ENTERPRISES. TRADITIONALLY BUSINESS ACTIVITIES WERE LEFT MAINLY TO INDIVIDUAL AND PRIVATE ORGANIZATION AND THE GOVERNMENT WAS TAKING CARE OF ONLY THE ESSENTIAL SERVICES SUCH AS RAILWAYS, ELECTRICITY SUPPLY POSTAL SERVICES ETC, BUT, IT WAS OBSERVED THAT PRIVATE SECTOR DID NOT TAKE INTEREST IN AREAS, WHERE THE GESTATION PERIOD WAS LONG, INVESTMENT WAS HEAVY AND THE PROFIT MARGIN WAS LOW, SUCH AS MACHINE BUILDING, INFRASTRUCTURE, OIL EXPLORATION, ETC NOT ONLY THAT, INDUSTRIES WERE ALSO CONCENTRATED INFRASTRUCTURE. OIL EXPLORATION ETC, NOT ONLY THAT, INDUSTRIES WERE ALSO CONCENTRATED IN SOME REGION THAT HAD CERTAIN NATURAL ADVANTAGES LIKE AVAILABILITY OF RAW MATERIAL SKILLED LABOUR. NEARNESS TO MARKET. THIS LED TO REGIONAL IMBALANCES,
" PUBLIC SECTOR ENTERPRISES HAVE BECOME A WOULD WIDE PHENOMENON IN 20TH CENTURY."
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