Prime Minister Narendra Modi on Monday made a veiled attack on the previous governments and said state - owned enterprises were set up to fail or to sell them out.
"Now things have changed, " Modi said in his Independence Day speech from the historic Red Fort.
He said state - owned Air India, telecom major Bharat Sanchar Nigam Ltd (BSNL) and Shipping Corporation Of India Ltd now have operating profits.
"Air India that used to be criticized earlier has an operating profit.
While every telecom company in the world flourished, BSNL used to run in losses.
Today, BSNL too has an operating profit, " Modi said.