When Prime Minister Narendra Modi occupied his office as the Prdhaan Sewak, nation was suffering with cancer in form of Corruption, nepotism, policy paralysis, he started chemotherapy in form of hard decisions and the nation started to recover.It is because of Modi government only that the nation is now on the path of development and is being praised in every part of world for its remarkable achievements.
Modi Government has time to time made it very clear that the work in every sector has to be completed in a proper sequential manner.No negligence will be tolerated at any place at any time.Continuing with this attitude now Modi government has taken action on PSUs and made them clear that within the given deadline they have to come up with the solution.
Prime Minister Narendra Modi yesterday gave a 100-day deadline to the heads of central public sector enterprises (CPSEs) to come out with a roadmap with measurable targets in order to strengthen state-owned companies and promoting development.
Addressing a CPSE conclave in New Delhi PM Modi also suggested that their corporate social responsibility (CSR) spend should be focused largely on one specific theme each year. In this context, he also appreciated the success that was achieved when this corporate social responsibility (CSR) spend was utilised for toilet construction in schools.
PM Modi realizing the importance of one good theme explained that one good theme could be the development of 115 aspirational districts identified by NITI Aayog for special focus. He said central public sector enterprises (CPSEs) can also take up skill development programmes, as part of corporate social responsibility (CSR).
Expressing concern over little procurement by CPSEs from micro, small and medium enterprises (MSMEs), Mr. Modi prodded them to buy more from the small units and also ensure timely payments.
In 2016, the procurement by CPSEs was only ₹25,000 crore from MSMEs of the total ₹1.30 lakh crore.Mr. Modi further said that it is not enough to rest on past laurels, but is also important to adapt to the emerging challenges.
PM Modi guided them that 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.
Elaborating, he mentioned improving operational and financial performance; transparency and accountability in processes; procurement through the Government e-Marketplace (GeM) platform and from MSMEs; and preparation for technological disruptions such as Artificial Intelligence, Quantum Computing and Robotics.
Identifying five challenges for CPSEs,PM Modi said that they should focus on maximising their geo-strategic reach, minimising import bill, integrating innovation and research, optimal utilisation of CSR Fund and coming up with a new development model by 2022.
The Prime Minister also asked the CPSEs managements to hold their meetings at lesser known tourist destinations.This, he added, will help promote tourism.
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.
Appreciating the presentations, Mr. Modi said that the government has given operational freedom to the CPSEs, so that they can improve their performance. He said they have contributed significantly in nation-building, and in the national economy since independence.
Mr Modi even said that “I need to learn a lot from you. If I spend more time with you, I shall emulate what I learn from you in the government. I hope that exactly after 100 days, whatever you have said today, you will come to me with a foolproof roadmap and after fixing responsibility,” Modi said. He asked the CPSEs to come with implementation roadmaps along with “measurable targets”.
PM Modi along with praising the efforts of central public sector enterprises (CPSEs) has also guided them with various measures to taken for development and also made them clear that within 100 days they have to come in action.Now it’s turn of CPSE’s to come back with fruitful results contributing to the development of nation.