PM Modi while addressing all the CMD’s of Central Public Sector Enterprises (CPSE) and top ministry officials at the CPSE Conclave in Delhi called for channelizing CSR Fund towards one particular sector every year so that desired results can be achieved, as happened in the case of Swachh Bharat Abhiyan for the construction of toilets in the country. This vital suggestion has been given by Governance Democracy and Politics Magazine in their Annual Special Issue on CSR during last year on June 2017. We humbly thank Hon’ble Modi ji for accepting our suggestions and hope this will bring sea change in the holistic development and social upliftment of the society.
He said that for Public Sector Enterprises, both profit and generating social benefit are important. Complimenting the PSE employees for their contribution, the Prime Minister said that major objectives of the Government, such as electrifying all unelectrified villages, and providing LPG connections to the poor, could not have been fulfilled without the hard work of the PSE workers.
The Prime Minister 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.
