NTPC-Bhel JV to rival private firms’ salaries

To attract and retain talent, newly-created NTPC Bhel Power Projects Pvt. Ltd (NBPPL) will offer pay packets similar to those offered by the private sector, said a top company official.
“I don’t think there are many such entities with public sector participation in the country that offer competitive salaries,” said C.P. Singh, chairman and managing director of NBPPL, an equal joint venture (JV) set up by Bharat Heavy Electricals Ltd (Bhel) and NTPC Ltd in April this year. “The only other example we have is of Bhel’s joint venture with General Electric Co. (GE), called Bhel-GE Gas Turbine Services Pvt. Ltd that provides after-market services for GE’s gas turbines.”

Source:
http://www.livemint.com/2008/08/25234819/NTPCBhel-JV-to-rival-private.html