CPSEs should collaborate and pool their resources: Pranab Mukherjee -Governance Now

CPSEs should collaborate and pool their resources: Pranab Mukherjee

While presenting SCOPE awards, the president stressed on improvement in performance in domestic and global markets

Jasleen Kaur | April 11, 2016

#Scope #PSU Awards #Pranab Mukherjee #PSU

President Pranab Mukherjee has advised central public sector enterprises (CPSEs) to collaborate and pool their resources to face and overcome competition, in a globally integrated economy.

Mukherjee, while addressing the Standing Conference of Public Enterprises (SCOPE) Meritorious Awards in Delhi, on Monday said that the financial, technical and manpower resources of CPSEs need to be shared to enable better and more optimal solutions in increasingly customer driven markets. “The exceptional human capital available with CPSEs should be harnessed to develop suitable strategies and interventions which lead to improvement in performance and expansion of operations both in domestic and global markets.”

While drawing attention to the need of taking immediate steps to identify and unlock the surplus land available with CPSEs, the president said the same can be used in generating much needed public investments to boost the economy and increase employment opportunities.
Meanwhile, Oil & Natural Gas Corporation Limited was awarded as the best institution in the Maharatna/Navratna category for the year 2010-11, 2011-12, 2013-14. S Varadarajan, CMD Bharat Petroleum Corporation Limited and Nishi Vasudeva, former CMD Hindustan Petroleum Corporation Limited were awarded for Individual Leadership in Maharatna/Navratna PSEs for 2013-14.

SCOPE also awarded a special citation for Outstanding Woman Manager in CPSEs, thus applauding the role of women executives in the public sector. Vartika Shukla, executive director, Engineers India Limited was awarded as the outstanding women manager in PSEs for 2013-14.

Anant Geete, minister of heavy industries and public enterprises said that CPSEs and heavy industry ministry have a vital role to play in making ‘Make in India’ a reality.

UD Choubey, director general, SCOPE said while CPSEs are contributing a lot in the national economy, there is a need for further reforms in the sector. He said that the trend in other economies including those in south Asian countries is moving towards sovereign holding companies. He also said SCOPE will soon start an academy of CPSEs, which will provide training to the critical mass of CPSEs.

Awards

Oil & Natural Gas Corporation Limited: Institutional (Maharatna/Navratna PSEs) for 2010-11, 2011-12, 2013-14

SJVN Limited: Institutional (Miniratna I & II PSEs)

S Varadarajan, CMD Bharat Petroleum Corporation Limited: Individual Leadership (Maharatna/Navratna PSEs) 2013-14

Nishi Vasudeva, former CMD Hindustan Petroleum Corporation Limited: Individual Leadership (Maharatna/Navratna PSEs) 2013-14

WAPCOS Limited: Institutional (Miniratna I & II PSEs) 2011-12

R K Gupta, CMD, WAPCOS Limited: Individual Leadership (Miniratna I & II PSEs) 2013-14

Indian Renewable Energy Development Agency Limited: Institutional (Other Profit Making PSEs) 2013-14

NTPC – SAIL Power Company Private Limited (a joint venture of NTPC and SAIL): Institutional (Other profit making PSEs) 2013-14, 2011-12

Vartika Shukla, Executive Director, Engineers India Limited: Outstanding Women managers in PSEs 2013-14

Hindustan Aeronautics limited: Institutional (Maharatna/navratna PSEs) 2011-12

Neyveli Lignite Corporation Limited: Institutional (Maharatna/navratna PSEs) 2011-12

National Seeds Corporation Limited: Special Institutional category (Turnaround) 2011-12

Artifical Limbs manufacturing Corporation of India: Special Institutional Category (Turnaround) 2011-12

GAIL (India) Limited: Institutional (maharatna/Navratna PSEs) 2010-11

Goa Shipyard Limited: Institutional (miniratna I & II PSEs) 2010-11

Petronet LNG Limited (joint venture of Oil and Gas Companies): Institutional Category 2010-11

Cement Corporation of India Limited: Special Institutional (Turnaround) 2010-11

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