Public Sector Undertakings (PSUs) play an instrumental role in the dynamics of a country’s economy. PSUs contribute in ascending the economic trends in various ways like capital generation for the economy, investing in the cost of production of various technologies and equipment enabling the country to produce its own, generating employment, and contributing to socio-economic development.
The Coronavirus pandemic that came hard on India severely impacted the already dwindling Indian economy. The impact was significant as the entire nation was under a lockdown from late March 2020 to end of June 2020. To kickstart the economic engine back again and uplift the economic trends, the Government of India eyed PSUs for aid. The Union Finance Minister, Nirmala Sitharaman asked the PSUs to spend their 50 percent of capital expenditure by the end of the September quarter. Also, privatisation of many PSUs is another approach of the Government to improve the economy.
This is how PSUs have been always at the forefront, be it delivery of government services, implementation of various development projects, planning and policy reforms, procurement of goods or manufacturing or production of various technologies and equipment, and even aiding to stabilize the economic trends.
This special issue of the eGov Magazine focuses on the significance of the role of PSUs in different areas, especially in today’s situation where there is a dire need to pull the economy out crisis. The magazine will also give an insight on how PSUs are realising the Prime Minister Narendra Modi’s vision of making of an “ATMANIRNHAR BHARAT” (self-reliant India).
The issue will bring in light addresses from various PSU heads, interviews of esteemed policymakers, and industrial perspective. A special highlight has also been brought onto the Ease of Doing Business ratings (statewise) which were announced recently. Further, how cutting-edge technology is driving PSUs towards transformation is another aspect highlighted in the eGov magazine’s PSU Special Issue.
With a bouquet of special stories and interviews of administrators, we await our readers’ invaluable feedback.