Vol. 38 No. 4 September, 2018 Message by Central Vigilance Commissioner, CVC ........................ 05 Message by CEO, NITI Aayog .................................................................. 06 Chairman’s Desk .......................................................................................... 07 Articles Sovereign Wealth Fund - Consolidated Investment Arm for Indian CPSEs 9 by Dr. U. D. Choubey GAIL Vision 2022 ..................................................................................................... 15 by B. C. Tripathi BPCL Leads the Country in its Transformation Drive ................................. 19 by D. Rajkumar BEL: In Alignment with India’s Vision 2022 .................................................... 22 by M. V. Gowtama AAI believes in Skilling India .............................................................................. 25 by Dr. Guruprasad Mohapatra BDL: Exploring New Horizons ............................................................................ 27 by V. Udaya Bhaskar IREDA - The Leader in Renewable Energy in India ...................................... 30 by K. S. Popli WCL Launches Mission 2.0 to scale New Heights ....................................... 34 by Rajiv Ranjan Mishra EdCIL- Study in India ............................................................................................. 38 by Diptiman Das NHPC Initiatives – Skilling India ........................................................................ 42 by Balraj Joshi & Nikhil Kumar Jain RCF Initiatives for Vision 2022 ............................................................................ 44 by U. V. Dhatrak Vision 2022: India’s far-flung farming community dreams ..................... 51 by Dr. S. P. Mohanty Initiatives taken by the CCI and Future Action Plan ................................... 54 by Dr. P. Alli Rani VISION 2022: Decade of Revolution in Telecom & ...................................... 57 Electronic Manufacturing by K. Alagesan Make In India ............................................................................................................ 59 by Padma Bhushan Dr. M. B. Athreya JAM in India: Towards Inclusive Growth ......................................................... 61 by Dr. Shamika Ravi Fostering India’s Transition to a Resource Efficient Economy ................. 65 by Ajay Mathur & Souvik Bhattacharjya Industry-Academia Interaction ......................................................................... 68 by Manish Shrikhande Skill India Mission and the Role of IIFT ........................................................... 70 by Dr. Vijaya Katti Public Sector Enterprises and Chrysalis of the World ................................ 73 by Neelesh Gupta & Akanksha Sinha Improving Infrastructure Delivery in the New India .................................. 80 through Management of Construction Disputes by Shourav Lahiri PM Modi's Policy Initiatives Show Silver Lining ........................................... 83 by Gaurav Choudhary Block Chain Technology as Ayushman to Government Initiatives ....... 85 by Mylaavaram Chandra Shekar PM’s Vision of Digital India .................................................................................. 88 by Dr. P. M. Johri Indigenisation as a Strategy - Freeway to Make in India .......................... 95 and Self Reliance by Dr. Sunil Abrol Indian Media and Entertainment Industry is Undergoing ...................... 97 a Rapid Digital Transformation by Kinjal Shah Ease of Doing in Governance Standards: Companies ............................... 99 (Amendment) Act 2017 by Dr. B. B. Goel Ferro Alloy Sector on India’s Revenue Map ................................................... 104 by Dr. Yadnya Pitale Contents Make in India - The Electronics Skill Development Perspective ............ 107 Vol. 38 No. 4 September, 2018 4 September, 38 No. Vol. by Saleem Ahmed Price per copy : Rs. 50/- (Payment may be sent by DD/Cheque drawn in favour of “Standing Conference of Public Enterprises”) CHIEF EDITOR Material published in KALEIDOSCOPE may be reproduced with Director General prior permission of the Editor and with acknowledgment in the accepted style. The views expressed in various articles are that of the authors and not necessarily of SCOPE Management. - Editor EDITOR Nisha Sharma Published and printed at New Delhi by A. S. Khan on behalf of Standing Conference of Public Enterprises, Core 8, 1st Floor, SCOPE Complex, 7 Lodhi Road, PUBLISHER New Delhi-110003 • Tel.: 24361495, Fax: 24361371 A. S. Khan E-mail: [email protected] at Rave Scan (P) Limited, A-27, Naraina Industrial Area, Total Pages : 136 Phase-II, New Delhi - 110028 Designed by Akar Advertising & Marketing (P) Ltd. Annual Subscription: Rs. 500/- Tel: 011-43700100 MESSAGE It is heartening to note that Standing Conference of Public Enterprises (SCOPE) is coming out with a special issue of KALEIDOSCOPE on "India Vision 2022". The onus of fulfilling the dream of a self-reliant and prosperous nation by 2022 lies with every citizen of the country. Public Sector Enterprises (PSEs) being the proponents of socio-economic development have to be at the forefront of this massive movement. This calls for excellence in corporate governance, as only a transparent and ethical system can ensure a durable result. The contribution of PSEs is essential to acheive our national goals and “Vision 2022”. Such con- tributions to be extensive and inclusive, excellence, transparency and ethical system are fundamental needs. I extend my best wishes to PSEs in this journey. I also congratulate SCOPE for coming out with this special issue. KALEIDOSCOPE September, 2018 5 6 KALEIDOSCOPE September, 2018 CHAIRMAN’S DESK ndia is one of the fastest growing economies in the world and is expected to be among the top Ieconomies in the near future. As per available data, India has grown at 8.2 percent in the June 2018 quarter and the Indian economy is expected to grow around 7.9 percent in 2018-19. Growth is supported by strong urban and rural demand and improved industrial activity. International bodies like International Monetary Fund, World Bank etc. are optimistic about India’s growth prospects. India has improved its ranking in the World Bank’s ease of Doing Business Report by 30 ranks over its 2017 ranking and is ranked 100 among 190 coun- tries. This significant improvement in the ranking reflects India’s commitment to emerge as preferred investment destination. India has retained its position as the 3rd largest start up base in the world and also boasts of having a vast pool of skilled professionals. With ambitious development programmes like Digital India, Make in India, Skill India Start up India etc. government aims to transform India into a modern and com- petitive economy. As the country is moving forward, PSEs have been contributing immensely to the long term prosperi- ty of the nation. They have been using new technol- ogy to improve their systems and processes. In line with the Make in India initiative, they have been giving boost to indigenous production and thrust to research and development. In line with Skill India initiative, they have taken numerous initia- tives to empower the work force with required skill set which make them employable and self reliant. Through this CSR initiative and welfare measure, KALEIDOSCOPE September, 2018 7 PSEs continue to enhance the quality of life of the growth, these issues need to be urgently tackled. communities in and around their projects/office/ The country needs the concerted efforts of each units. and every individual to make the Vision of New India of our Hon'ble Prime Minister a reality. PSEs Hon’ble Prime Minister has posed five challenges are committed to play a key role towards national to PSEs viz., Maximizing Geo Strategic Reach of priorities and make India a Superpower. PSEs; Minimizing India’s import bill; Ways to in- tegrate innovation and research in PSEs; Optimum We have come up with the special issue of utilization of CSR funds and, New development KALEIDOSCOPE to focus on key areas leading to model by Indian PSEs. PSEs have been gearing up New India 2022 and PSEs contribution to realize to fulfill these for the better future of the country. this noble vision. I hope this issue will be a good Their performance is directly linked to the devel- read for everyone. opment of the country and hence they are em- I appreciate the efforts of SCOPE team in bringing bracing change, adopting new technologies and out this special issue and wish SCOPE and PSEs all adhering to good governance practices to achieve success in their constant endeavour. higher excellence and increase the contribution to nation building for the benefit of India’s 1.3 billion citizens. The country is aggressively moving forward to ac- celerate the pace of development and has targeted to achieve Vision New India by 2022. However, some of the issues viz., poverty, corruption, illit- eracy, remain a concern which are leading to eco- Ved Prakash nomic inequalities. For the sustained economic Chairman, SCOPE 8 KALEIDOSCOPE September, 2018 ARTICLE Sovereign Wealth Fund - Consolidated Investment Arm for Indian CPSEs Dr. U. D. Choubey Director General SCOPE ndia announced a strategic financial crisis of 2007-09, pri- investment portfolio using sur- decision in 1991 to divest the vate/ foreign participation in dis- plus corpus of the PSEs instead of Igovernment shareholding in investment has not been encour- divesting the government stake public sector units gradually