PSUs under steel ministry must share resources: Minister -Governance Now

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.

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