CPSEs can help India reduce import bill: PM
By TIOL News Service
NEW DELHI, APRIL 10, 2018: WHILE addressing the CPSEs Conclave in Delhi yesterday, the Prime Minister, Mr Narendra Modi, said that out of the 500 biggest companies in the world, one-fourth belong to the public sector in some country. He suggested that Indian PSUs can link with PSUs with other countries, and develop a comprehensive strategy for overseas investment.
He said PSUs can also play a key role in reducing India’s import bill. Noting that CPSEs have modern R&D infrastructure, in addition to the facilities that exist in CSIR and ICAR etc, the Prime Minister said that innovation and research now need to be integrated. In this context, he called for greater information sharing among CPSEs and Government Departments.
The Prime Minister suggested that the CSR spend of CPSEs should be focused largely on one specific theme each year. In this context, he noted the success that was achieved when this CSR spend was utilized for toilet construction in schools. He said one good theme could be the development of aspirational districts. He said CPSEs can also take up skill development programmes, as part of CSR.
The Prime Minister said CPSEs can work as role models in many areas such as paperless work culture, cashless transactions, and waste management.
The Prime Minister expressed hope that CPSEs would participate in a big way in realizing the resolve of New India.
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