Jawaharlal Nehru called the Public Sector Undertakings (PSUs) as
‘temples of modern India,’ aptly. Even in 2012, one
won’t be wrong in adding another title to the PSUs as ‘public
The economic and social contribution to the
Indian society have been immense ever since the first PSU ITI Ltd.
was formed in 1948 till the newest one added in 2007, Bharatiya
Rail Bijlee Co Ltd.
I would like to define the spirit behind existence
of the PSUs in three major ways; such as state-mentored sustainable
economic growth, employment generation, and equitable economic development.
Continuously, the PSUs have to live up to the
immense expectations of our burgeoning nation and an aspiring society
ever since India got independence, till we made ourselves a mixed
economy with a thriving knowledge industry.
Social Responsibility has come natural to PSUs
even before CSR became a formalized practice some couple of decades
ago. The very existence of the sector is much aligned to the Triple
Bottom Line principle of People, Planet, and Profit.
The Dept. of Public Enterprise (DPE) issuing
a comprehensive CSR guideline, the Standing Conference on Public
Enterprises (SCOPE) proposing for a social audit system etc. are
only reaffirmation on the part of the government and the readiness
from the PSU fraternities.
The scope for contributing towards the societal
priorities is even bigger and better now. Rather, we stand at a
The voluntary or development sector is destined
to play a major role as the partner in change.
The time is now.
Harish Nandan Sahay