CPSE Conclave - Vision 2022 for PSEs
Vigyan Bhawan, New Delhi
April 9th, 2018
CPSEs Conclave 2018 was held in New Delhi on 9th April 2018. Thematic presentations were made the Hon'ble Prime Minister, Shri Narendra Modi, on subjects such as corporate governance, CSR financial reengineering, innovations and technology, human resource management and Vision 2022 for New India. a roadmap for Indian PSUs, to optimally utilize their CSR funds, is one of the five major challenges set as Vision 2022 by Hon'ble Prime Minister
A Session on CSR was conducted by Dr. Madhukar Guota (Addl. Secretary, DPE) and Dr. Satish Agnihotri (Head, CTARA) at the conclave. it sensitized the audience with a collage of scalable best practices of different PSEs. Other members of CSR Study Unit Team, Prof. Bakul Rao, Ms. Anupama Soni and Mr. Harshal Kate were also present.
CSE activities have been carried out by many public sector companies much ahead of companies act 2013 that come into the place in 2013. Shri. Madhukar Gupta emphasised on this social responsibility aspect of the PSEs. Today CSR is one of their biggest opportunities for the corporates, both public as well as Private, to contribute to the nation building by leveraging the finances, human resource, infrastructure, machinery, materials, outreach and also brand equity. The 397 PSEs and 18787 private companies contributed Rs. 4163 and Rs. 9665 crores respectively., through their CSR 2015-16. The expenditure has majorly taken place in sectors like education, health and infrastructure, rural development projects and livelihood. CSR funding can complement the Government Flagship programme like Skill India, Make in India, Swachh Bharat Abhiyan, Clean Ganga, etc. For successful adoption and implementation of these programmes, the line ministries are required to issue the corresponding guidelines.
CSR initiatives can strongly contribute towards the upliftment of the deprived, ensuring inclusive growth, by developing a cost-effective and innovative solution from the profit and non-profit sector. While there are multiple challenges and concerns on streamlining the CSR projects with Government programmes, if overcome, they possess the dual power of addressing growth the sustainability.
Prof. Satish Agnihotri presented cases of scalable best practices to address these challenges. He highlighted the importance of proactive identification of good projects and investing in them over a longer duration. Similarly, identification of niche areas, - e.g. Thalassemia Cure- and saturating a niche, merits serious consideration. This will not only provide long term support for a given PSE but will also the PSE in the social brand building process.