Home » Corporate » PM addresses CPSE Conclave 
The Prime Minister, Shri Narendra Modi addressing the Central Public Sector Enterprises (CPSE) Conclave, in New Delhi on April 09, 2018.

PM addresses CPSE Conclave 

The Prime Minister, Shri Narendra Modi, attended the CPSE Conclave at Vigyan Bhawan in New Delhi today.

Thematic presentations were made to the Prime Minister on subjects such as corporate governance, human resource management, financial re-engineering, innovations and technology, and Vision 2022 for New India.

Addressing the gathering, the Prime Minister described this conclave as a new beginning in the public sector sphere.

Appreciating the presentations, the Prime Minister said that the Union Government has given operational freedom to the public sector undertakings, so that they can improve their performance. He said PSUs have contributed significantly in nation-building, and in the nation’s economy, since independence.He said that for Public Sector Enterprises, both profit and generating social benefit are important. Complimenting the PSE employees for their contribution, the Prime Minister said that major objectives of the Government, such as electrifying all unelectrified villages, and providing LPG connections to the poor, could not have been fulfilled without the hard work of the PSE workers.The Prime Minister said that it is not enough to rest on past laurels, but is also important to adapt to emerging challenges. He said enterprise and innovation should be the guiding principles in the 21st century. He said Incentives, Imagination and Institution Building would be the three keys to success.

The Prime Minister exhorted PSEs to help in making the New India, through changes in technology and processes. For this he said, PSEs would need a 5-P formula – Performance, Process, Persona, Procurement and Prepare.

Elaborating the same, he mentionedimproving operational and financial performance; transparency and accountability in processes; procurement through the GeM platform and from MSMEs; and preparation for technological disruptions such as Artificial Intelligence, Quantum Computing and Robotics.

The Prime Minister said that out of the 500 biggest companies in the world, one-fourth belong to the public sector in some country. He suggested that Indian PSUs can link with PSUs with other countries, and develop a comprehensive strategy for overseas investment. He said PSUs can also play a key role in reducing India’s import bill. Noting that CPSEs have modern R&D infrastructure, in addition to the facilities that exist in CSIR and ICAR etc, the Prime Minister said that innovation and research now need to be integrated. In this context, he called for greater information sharing among CPSEs and Government Departments.

The Prime Minister suggested that the CSR spend of CPSEs should be focused largely on one specific theme each year. In this context, he noted the success that was achieved when this CSR spend was utilized for toilet construction in schools. He said one good theme could be the development of aspirational districts. He said CPSEs can also take up skill development programmes, as part of CSR.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Government announces inclusion of Retail and Wholesale trades as MSMEs

Minister of MSME and Road Transport and Highways Shri Nitin Gadkari today announced revised guidelines ...

AJNIFM partners with Microsoft to build an AI and Emerging Technologies Centre of Excellence

 The Arun Jaitley National Institute of Financial Management (AJNIFM) and Microsoft signed a Memorandum of ...

NALCO’s Net Profit at Rs.1300 crore, jumps by 840%

National Aluminium Company Limited (NALCO), the NavratnaCPSE, under the Ministry of Mines, GOI and India’s ...

Quick Estimates of Index of Industrial Production and Use-Based Index for the month of April, 2021 (Base 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month ...

NHPC’s earns highest ever profit of Rs 3233 Crore during FY 2020-21

NHPC Limited, India’s premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise under Ministry of ...

Fraud in the Name of “Khadi Prakritik Paint”; Delhi High Court Bars a Unit from Using Brand Name ‘Khadi’

Delhi High Court has directed a Ghaziabad-based trader, who indulged in fraudulent manufacturing and selling ...

IREDA invites bids for Rs. 4500 crore Solar PLI scheme

Indian Renewable Energy Development Agency Ltd. (IREDA), a PSU under the Ministry of New & ...

Revenue Deficit Grant of Rs. 9, 871 crore released to 17 States

The Department of Expenditure, Ministry of Finance on Tuesday released the 3rd monthly installment of Post ...

Shri Dharmendra Pradhan inaugurates the 270 Bedded Oxygenated COVID Care Centre at JSPL, Angul, Odisha

Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today dedicated the ...

NALCO stands in solidarity with people of Odisha in the fight against Covid : Extends support for operationalisation of Covid Healthcare facilities at Angul & Koraput

Moved by the second wave of the COVID pandemic, National Aluminium Company Limited (NALCO), a ...

WP2Social Auto Publish Powered By : XYZScripts.com