Mr Anant Geete, Minister for Heavy Industries and Public
Enterprises, has called upon both the private and public sectors to work
together to make the Prime Minister’s Make in India programme a success. The
minister was addressing the Session on “PSE – An Instrument for bringing
transformation in Indian economy” at the CII National Conference and Annual
Session focusing on “Building India: A shared responsibility” here today.
He said both the sectors are playing a complementary role in the
nation’s growth and development. But it is time that this complementarity is
taken forward to bring about the desired goal of achieving faster and stronger
The Minister said the Public sector was instrumental in building
the capital goods and heavy industry in the country at a time when it was most
needed. Subsequently, the private sector too has made a big progress in this
He opined that PSEs should be technology driven to be globally
competitive and for this research and development should be given stronger
focus among PSEs.
Further, he added that “the ‘Make in India’ programme has caught
on. We are receiving a lot of enquires from overseas manufacturers. The
Government is working towards ensuring that the manufacturing sector gets the
much needed boost from new industries and new technologies.”.
On the question of several board level vacancies existing in PSEs,
the minister said that the new Government is already on the job and will soon
have competent persons to fill in the vacancies. For selection of
independent directors, the concerned body is taking action in this regard.
Dr Janmajeya Sinha, Chairman, Asia Pacific, Boston Consulting
Group asked if the Government could look into ways of institutionalizing the
appointment and tenure of PSE Chief Executives and ensure the least
interference with the day to day working of the PSE management while the
Government should operate as owners to hold PSEs responsible for its
Mr Naushad Forbes, Vice President, CII, appreciated the minister’s
role in giving the right direction to the Public sector enterprises and looked
forward to his support to working together with CII.
7 April 2015