PSUs under steel ministry must share resources: Minister

This will lead to aggregation of demand and economies of scale among the Public Sector Undertakings (PSUs)

GN Bureau | February 27, 2017


#SAIL   #ministry of steel   #steel production   #PSU   #Chaudhary Birender Singh  
Steel minister Chaudhary Birender Singh has directed a high-level coordination committee comprising CMDs and top ministry officials to be constituted for pooling and sharing of resources among PSUs.
 
He said, “This will lead to aggregation of demand and economies of scale among the Public Sector Undertakings (PSUs) under the administrative control of the ministry. 
 
Formation of such a mechanism and committee would minimise areas of overlap, duplication & communication gaps and help in harnessing the potential for financial savings. In today’s fast-paced business world, it is essential to work together to retain the competitive edge.” 
 
The idea emerged from a comprehensive joint review meeting held recently, which was chaired by the steel minister.
 
Birender Singh issued instructions for immediate action to be taken to formalise a mechanism of coordination among PSUs, which include industry leaders like SAIL, NMDC, RINL, MOIL, MSTC and MECON.
 

Comments

 

Other News

On a personal note: DIVINE

An underground rapper who grew up on Mumbai streets, Divine spins his music around his environment and poverty. His breakout single, ‘Meri Gully Mein’, along with fellow rapper Naezy caught Bollywood’s attention. The Hindi film ‘Gully Boy’ is inspired by their lives and gr

The role model for an IAS officer

Anil Swarup, an IAS officer of Uttar Pradesh cadre who retired in 2018, is a model bureaucrat who retained his optimism right till the end of service and exemplified dedication and commitment. His excitement at the opportunities that a job in the IAS provided is evident on every page of his new book publis

Reform of the civil services: At home and away

The question of reform of the civil services has been debated extensively at all levels at least over the last five to six decades after independence. Indeed, it was soon perceived that the Indian Administrative Service (IAS) may not be well equipped to deal with the problems of an emerging developing coun

The greatest challenge for any government

Shouting vengeance at all and sundry while wriggling out of holes of our own making seems to be our very special national characteristic. Some recent instances are illustrative of this attribute. A number of business tycoons with thousands of crores of unresolved debts have fled abroad with the government

The mysterious case of CBI’s legality

The Central Bureau of Investigation (CBI) came into existence, based on a Resolution of the home ministry, dated April 1, 1963 – a sheer coincidence that it also happens to be April Fool’s day. Over the past few months, we have seen the CBI live up to its founding day with great zeal, being i

The Evolution of Modi

Gujarat was passing through a turbulent phase in the 1980s. The decade began middle class agitations against new reservation policies, and the caste friction turned communal under the watch of chief minister Madhavsinh Solanki, alienating majority of urban population on both counts. The ground was ripe for

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter