Public Sector Undertakings (PSUs) are government owned establishments, which are established and owned by the Government of India or State governments of India. The public sector undertakings are established either by nationalisation or an executive order incase of union government and state government or act of parliament incase of union government and act of state legislature incase of state government with the purpose to earn profit for the government, control monopoly of the private sector entities, offer products and services at an affordable price to the citizens and for the achievement of overall financial goals & developmental objectives in the country.