PSUs need to change their work culture: Kalraj Mishra

India can become a manufacturing hub if we change the way we work, says the minister

GN Bureau | November 8, 2014


Kalraj Mishra, union minister of micro, small and medium enterprises
Arun Kumar

Kalraj Mishra, union minister of micro, small and medium enterprises has said while PSUs have contributed to the country’s economic growth, in the current liberalised environment they need to compete hard.

Speaking at the Governance Now PSU award function on November 7, Mishra said it was a great occasion to recognise PSUs which had performed well in terms of both governance and productivity. “I must admit that some of our PSUs are inactive and suffering losses year after year. At the same time, many others are doing great work.”

The minister said during insurgency and in troubled areas (Maoist/separatist-affected); it was the PSUs that had made inroads. “But they are dealing with the problem of perception today. It is widely believed that everything related to government is not very productive. In the coming days, PSUs are going to face very stiff competition,” he added.

Talking about prime minister Narendra Modi’s ‘Make in India’ campaign, Mishra said it could only be successful if there was good coordination among all departments. He said there was a need to ensure highest level of quality in our products.

“The products made in India should match international standards. The need is to bring a change in work culture. And we can become a manufacturing hub for the world, thereby making India an economic super power,” he added.

 

Comments

 

Other News

The rot at the top

CBI is supposed to be the last resort to catch the corrupt after all other options have not yielded the desired result. But, who will now tackle corruption now that two of the former top officials of the premier investigating agency are themselves facing charges.   India is s

Demonetisation is short-term challenges for long-term gains: Usha Ananthasubramanian

Post demonetisation, what are the challenges faced by banks? Post demonetisation, the major challenges are retention of CASA [current account, savings account] deposits, deployment of these funds, impact of spurt/decline in low-cost deposits on MCLR [marginal cost of fund

Universal Basic Income: The way forward

9.44 The irresistible force of even as powerful an idea as UBI will run into the immovable object of a resistant, pesky reality. So, what is the way forward, always remembering that the yardstick for assessment is not whether UBI can be perfect or faultless but only whether it can impr

Should action be taken against hospitals which have hiked the heart surgery cost?

Should action be taken against hospitals which have hiked the heart surgery cost?

ONGC office wins sustainable building design award

 The state-of-the-art corporate office of oil and natural gas corporation (ONGC), Pandit Deen Dayal Uphadhayay Urja Bhawan,  in New Delhi has won leadership in energy and environmental design (LEED) India ‘platinum’ award by US green building council (USGBC), the highest recognition f

Video

चुनावी माहौल में वाराणसी के अस्सी घाट से एक रिपोर्ट
Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter