Government is mulling the merger of about half a dozen state-owned consultancy firms like Engineering Projects (India) Ltd with Engineers India Ltd (EIL) to create a mega-consultancy firm that can take on the might of global giants like Bechtel.
There are close to a dozen Public Sector Undertakings (PSUs) that provide a range of consultancy services — from education to engineering, procurement and construction (EPC) — and there is a scope of merging some of them to create a company of global standards, a senior government official said.
“Finance Minister Arun Jaitley in his Budget for 2017-18 has spoken about mergers and consolidation in the public sector. We feel there should be one mega-consultancy company providing services across portfolios,” the official said.
In the telecom space, there is Telecommunications Consultants (India Ltd) whereas WAPCOS provides consultancy and engineering, procurement and construction (EPC) for water, power and infrastructure projects.
Latest posts by Business-Standard.com (see all)
- Power Grid acquires project SPV Bhuj-11 Transmission - October 18, 2019
- ONGC, Oil India bank on private players to boost production by end of FY20 - October 17, 2019
- HCL Tech to invest Rs 7.5 bn in Andhra Pradesh, create 7,500 jobs in 10 yrs - October 17, 2019