Editorial

IT shot for PSUs

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Ravi-Sir
As the Government of India seeks to lay the foundation and provide the impetus for long-term growth of eGovernance within the country through its National e-Governance Plan, there is an increased focus on the use of technology in the domestic public sector undertakings (PSUs) — the human face of industrialisation of Indian economy.

The PSUs in India have seen a glorious past and look forward to a vibrant future. But that would be more like a pipedream than a reality unless the sector goes in for large-scale adoption of information technology to make the phenomenon all-pervasive.

Leveraging the power of IT becomes all the more critical in view of the urgent need to cut costs, adopt smarter ways to reach out to its clientele, increase its reach to the hitherto untouched segments of the economy, and above all, to counter the competition coming from all directions – both from within and outside the country. In fact, embracing IT can help these public sector enterprises fast-track their process of growth and further unlock the value and potential the sector holds within.

A recent study by global technology research firm Gartner Inc said that Indian public sector’s IT purchases will grow at a CAGR of 14 percent between 2012 and 2017, reaching $108.5 billion in 2017. In 2014 alone, the PSUs are likely to spend about US $9 billion on technology, which is an increase of 5.9 percent over the US $67.4 billion forecast for 2013. Driven by massive infrastructure investment plans of the Narendra Modi-led NDA Government and increasing citizen expectations will further fuel IT spending by the 229 Indian public sector undertakings. So, it is going to be IT that will power the success story of PSUs in the days ahead.

In acknowledgement of the invaluable contributions that the PSUs are making to the Indian society in general and the Indian economy in particular, Elets Technomedia is going to organise the second edition of “Elets PSU Summit” in New Delhi on 22nd August 2014. The Summit will also focus on the ICT implementations that the PSUs are doing to bring in efficiency and transparency in their operations. The event will see concerned technocrats, senior policy-makers and other stakeholders of the sector share their past experiences and offer valuable inputs to improve the future operations of the sector.

A dedicated segment of “PSU Awards” at the Summit will highlight the good work done by them in their various spheres of action. This is sure to instil in them the spirit of healthy competition that would motivate them to improve their performance and help them serve the larger society in a better way. So, do join us there.

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