SHRI PATIL STRESSES SUBSTANTIVE PERFORMANCE
ONE DAY CONFERENCE OF CEOs OF PSUs
Minister
for Heavy Industries & Public Enterprises, Shri Balasaheb
Vikhe Patil has exhorted the Chief Executive to take on the emerging
challenges and opportunities arising out of globalization with
a changed mindset. The Minister was addressing a one-day Conference
of the Chief Executive Officers of various Public Sector Undertakings
of the Department of Heavy Industry here today. Emphasizing the
need for developing a futuristic vision, the Minister asked the
PSU Chiefs to avail the advantages of emerging trends in global
outsourcing and be part of global supply chains by using a number
of core competencies that India has to offer. Impressing upon
the critical need for substantive performance, the Minister advised
Chief Executives to cast-off their dependence on Government and
build on their own strengths. "Each PSU has enormous apparent
and latent strengths and assets, which could be gainfully deployed
for vastly improving organization performance", the Minister
said. Insisting that performance of each PSU will be closely monitored,
the Minister impressed upon Chief Executives to demonstrate a
winning leadership for availing huge domestic and global opportunities.
Shri Patil called upon CEOs to deliberate on the issues of enhanced
customer orientation, manpower rationalization, disposal of unutilized
assets of PSUs and means of strengthening the MOU system in due
course.
In his address on
the occasion, Dr. Vallabhbhai Kathiria, Minister of State For
Heavy Industries & Public Enterprises highlighted the need
for change in the manner the PSUs have traditionally functioned.
Underlining the need for anticipating emerging changes in technology,
marketing strategies and other key areas of performance, the Minister
exhorted the PSUs to build on each other’s strengths through meaningful
alliances. Elaborating on the scheme of Voluntary Retirement Scheme,
the Minister said that the scheme has helped a large number of
workers of sick units to find adequate resources for meaningful
livelihood after severance. He impressed on the need for retraining
and skill development of retiring employees for further strengthening
their profile.
Shri B.N. Jha, Secretary,
Ministry of Heavy Industries & Public Enterprises in his address
highlighted critical need of PSUs to be comprehensively responsive
to changing environment. Outlining fast-paced changes that are
touching all economic fields, Shri Jha said that India has been
and will continue to be a dominan manufacturing nation. But Indian
manufacturing will need to embrace the latest and globally best
in the technology and processes to develop and maintain its cutting
edge. He highlighted the need for increased R & D investments
and development of a futuristic outlook by PSU chiefs in order
to gainfully avail the emerging global opportunities. Shri Jha
informed the CEOs about setting up of the Technology Tracking
Cell and Knowledge Management Group and stated that enterprise
level capabilities can be honed only by accepting and imbibing
latest technological developments. Shri Jha also mentioned about
setting up of separate Task Forces on Exports of Capital Goods
Industry and the Automotive Industry.
Shri V.K.Malhotra,
Additional Secretary and Financial Advisor of the Ministry asked
the PSUs to reduce their dependence on Government and raise resources
through innovative and meaningful utilization of unutilized assets.
Underlining the need for a cultural change in their functioning,
Shri Malhotra called upon the PSU Chiefs to keep a close vigil
on global developments in the realm of management and technology.
In the Conference,
Chairmen and Managing Directors (CMD) of Bharat Heavy Electricals
Limited, Hindustan Paper Corporation Limited, Bharat Bhari Udyog
Limited and Engineering Projects India Limited made presentations
on various topical issues which were followed by open house discussions.
It was decided that this conference would be retained as a platform
for regular interactions henceforth.
