Shri Pranab Mukherjee Presented Scope awards to CPSEs

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MIL OSI Asia Pacific

Source: Government of India

Headline: Shri Pranab Mukherjee Presented Scope awards to CPSEs

PSES
are The Engines of Our Growth and Have Played A Catalytic Role in Ensuring The
Economic and Industrial Development of Our Country Anant Geete. 

                                                                                           

 

The
8th Public Sector Day was marked today with the presentation of
SCOPE Awards to Central Public Sector Enterprises (CPSEs) by
President Shri Pranab Mukherjee here in Vigyan Bhawan, New Delhi. Speaking on the occasion, the President said that celebrating this
Day is an acknowledgement of the invaluable contribution made by our Central
Public Sector Enterprises (CPSEs) since independence when PSEs had been chosen
as the vehicle of industrialization in our country. He said that he was a firm
believer in the continued relevance and importance of the Public Sector in our
economy. He was confident that CPSEs will continue to do well in the future and
meet new challenges. The
Award function was organized jointly by SCOPE and Department of Public
Enterprises (DPE).

 

The President said that in our country we started with only five
PSEs with an investment of 29 crore. However, their growth over the years is
very substantial. Their overall net profit increased by 12.5 percent during
2015-16. This is appreciable since they have continued to perform well despite
the fact that the global fiscal and economic scenario and industrial climate is
not very encouraging. He said that India is a fast growing economy and many
more glorious chapters will be added to the credit of PSEs in the future too. 

 

The President said that he had been associated with SCOPE
functions on many occasions. He congratulated the awardees and wished them
further success. 

 

 

Speaking
on the occasion Shri Anant G. Geete, Union Minister of Heavy Industries &
Public Enterprises said that PSEs are the engines of our growth and have played
a catalytic role in ensuring the economic and industrial development of our
country.  He said our PSEs have successfully faced the international challenges
and have proved their worth.   It is important to note that at present there
are 320 CPSEs having investment amounting to nearly Rs. 11.62 lakh crore with a
business worth about 18.55 lakh crore. In year 2015-16 the net profit of CPSEs
stood nearly 1.16 lakh crore. Currently there are about 12 lakh employees in
our CPSEs. He said we should feel proud that our PSEs are continuously striving
for setting the bar of excellence at highest level.

 

Shri
Geete said that necessary guidelines have been issued for the revival and
reorganisation of sick and loss making PSEs. 

 

Shri
Babul Supriyo, Minister of State for Heavy Industries & Public Enterprises
highlighted the role of CPSEs in the economic growth of the country. He lauded
the role of standing Conference of Public Enterprises (SCOPE) in becoming the
voice of CPSEs in the recent years and is busy in promoting excellence levels
in PSEs.

 

The
Secretary Department of Public Enterprises, Ms. Seema Bahuguna in her address
said that her department will continue to act as a facilitator for the smooth
development of public sector.

 

Chairman
SCOPE Shri Ved Prakash on this occasion said that PSEs have achieved a fair
measure of success in developing industrial infrastructure promoting regional
balances and creating employment opportunities.  He said demonetisation drive
was one of measure reform to combat corruption adding that Public Sector
Enterprises have excelled the best practices in corporate governance and are
working towards creating a digital infrastructure for promoting cashless economy.

 

In
his address DG SCOPE Dr. UD Choubey said that PSEs have adopted best practices
in coorporatwe governance and are making significant contribution towards CSR,
Make in India, Swacch Bharat, Digital India and Skill India. He re-affirmed PSEs
commitment to socio-economic development of the country.

 

The
Winners of the SCOPE Excellence Awards (Individual Leadership Category) for the
year 2014-15 are Dr. Anoop Kumar Mittal, CMD, NBCC, Mr. B. Ashok, Chairman,
IOCL, Mr.A.K. Jain, MD, REIL, Mr. K.S. Popli, CMD, IREDA, Ms. Pooja Kapoor,
Head (|Business Development), WAPCOS (Outstanding Woman Manager in PSEs). REC,
NALCO, MECL, ONGC Videsh Ltd, ECIL and GSL have been awarded in the
Institutional Category.  EIL, WAPCOS and Ms. Seema Gupta, ED, PGCIL have been given
Special Commendation Award. SCOPE Excellence Awards recognizes the outstanding
contribution of CPSEs and leaders for promoting organizational growth.

           

The
Winners of SCOPE Meritorious Awards are HPCL, PFC, HAL, WAPCOS, NALCO, REIL,
SAIL, REC, GAIL & NTPC. SCOPE Meritorious Awards recognizes significant
achievements of CPSEs in various fields leading to business excellence and
competitive advantage. The function will be attended by Chief
Executives/Directors of CPSEs besides   Ministers, Secretaries and other senior
government officials.

 

SCOPE
Meritorious Awards recognizes significant achievements of CPSEs in various
fields leading to business excellence and competitive advantage. The function
will be attended by Chief Executives/Directors of CPSEs besides  
Ministers, Secretaries and other senior government officials.

 

 

*****

ST/IA

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