The President of India,
Shri Pranab Mukherjee presented the Standing Conference of Public
Enterprises (SCOPE) Awards at the 8th Public Sector Day function held in
New Delhi today (April 11, 2017).
Speaking on the occasion, the President said that celebrating this Day
is an acknowledgement of the invaluable contribution made by our Central
Public Sector Enterprises (CPSEs) since independence when PSEs had been
chosen as the vehicle of industrialization in our country. He said that
he was a firm believer in the continued relevance and importance of the
Public Sector in our economy. He was confident that CPSEs will continue
to do well in the future and meet new challenges.
The President said that in our country we started with only five PSEs
with an investment of 29 crore. However, their growth over the years is
very substantial. Their overall net profit increased by 12.5 percent
during 2015-16. This is appreciable since they have continued to perform
well despite the fact that the global fiscal and economic scenario and
industrial climate is not very encouraging. He said that India is a fast
growing economy and many more glorious chapters will be added to the
credit of PSEs in the future too.
The President said that he had been associated with SCOPE functions on
many occasions. He congratulated the awardees and wished them further
Among the dignitaries present on the occasion were Shri Anant G Geete,
Union Minister of Heavy Industries and Public Enterprises; Shri Babul
Supriyo, Minister of State for Heavy Industries and Public Enterprises;
Smt. Seema Bahuguna, Secretary, Department of Public Enterprises and
Shri Ved Prakash, Chairman, SCOPE.