Governance Now presents the 4th edition of its prestigious PSU Awards 2016. The Awards honour the efforts of Public Sector Undertakings (PSUs) that have been key to India’s overall economic growth.
By virtue of being some of the largest commercial enterprises in the country the PSUs possess the unique ability to rise above the short-term commercial interest and invest in creating national assets so as to maximise long-term economic gains.
In a bid to give an impetus to the country’s economy in a significant way, the government unveiled programmes like Make in India, Digital India, Skill India that have an important role of public sector undertaking’s (PSUs) for their growth and encourage investors to invest in world’s second most populous country. For standing shoulder to shoulder with the biggest private companies, which are driven solely by the profit motive, this backbone of India’s economy deserves fair share of accolades and the Governance Now PSU Awards 2016 is aimed at doing just that. The core mission of the awards is to evaluate PSUs so as to instill in them the spirit of healthy competition that will motivate them to improve their performance and help them serve the larger society in a better way.
Over the period of three years, the awards ceremony has seen the presence of esteemed guests to recognize the efforts of PSUs and felicitate them. In 2013, Shri Praful Patel, then minister for Heavy Industries and Public Enterprises, in the year 2014, minister of Micro, Small and Medium Enterprises Shri Kalraj Mishra and minister of Consumer Affairs, Food and Public Distribution Shri Ram Vilas Paswan felicitated the winners. Similarly, in 2015, minister of State for Railways, Shri Manoj Sinha and Minister of Consumer Affairs, Food and Public Distribution Shri Ram Vilas Paswan felicitated the winners.