Private sector

Small PPT Presentation on Private Sector

1. PRIVATE SECTOR Guided By Sumit sir Submitted By Mehul Gendhar

2. ROAD MAP MEANING OF PRIVATE SECTOR EXAMPLES CHARACTERISTICS IMPORTANCE CONCLUSION

3. MEANING OF PRIVATE SECTOR Private sector is that organisation which is owned, managed and controlled by private individuals or private institutions. Maximization of profit is main motto of private sector.

4. EXAMPLES Tata Engineering and Locomotive company Tata Iron and Steel company Tata Power company MRPL Reliance Industries Reliance Capital Reliance Petroleum Birla Yamaha Birla Cement

5. CHARACTERISTICS Private ownership : Private sector undertakings are owned by private enterpreneurs . Profit motive : Private sector undertakings are established mainly for earning profits. Independent Management : The management of private undertakings fully vests in the owner though services of professionals can be taken for the management.

6. CHARACTERISTICS Private Financing : Such enterprises are generally, finance enterpreneurs . No state participation : The government (central or state) cannot participate in the establishment of such undertakings.

7. IMPORTANCE Efficiency : Because of keen competition in this service sector, the private gives more importance to efficiency and employ specialists in their units. Hence efficiency grows. So, it is rightly said that private sector runs on efficiency. Maximum profit : The main aim of private owner is profit and more profit and thus they increase the national income.

8. IMPORTANCE Increase in Government revenue : Private sector contributes much to government revenue in the form of Income Tax, Sales Tax , Custom Duty, Excise Duty etc. Economy : To earn profit, they lay much stress on economy in the enterprise. Better services : They provide better services to customers will bring more profit to them. Quick Decisions : Private enterprises are free from red- tapism and procedural delays , corruption, lethargy and inefficiency are not found in these enterprises.

9. CONCLUSION Private sector is the base of our progress

10. THANK YOU Any Queries……