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Dr. Subramanian Swamy stresses on the ‘Relevance of PSUs in Shaping New India’


Bhubaneswar, 22/02/2020: Dr. Subramanian Swamy, eminent economist and Hon’ble Member of Parliament has delivered the 18th Edition of NALCO Lecture Series on ‘Relevance of PSUs in Shaping New India’, here today.

In his speech, Dr. Subramanian Swamy stressed that the Public Sectors of India have crucial role to play in shaping New India. He said: “The Public Sectors are important for the development of India and these sectors need to be encouraged to prosper. The PSUs should be given freedom to take decisions and operate in sync with the market dynamics.” He stressed that Public Sectors should move beyond profit making and should focus on the multi-dimensional objectives. There are certain sectors that can be explored and developed by Public Sectors only. PSUs also need to be ready to compete in terms of commercial principles, he added. “India should recognize the strength of the PSUs.” Dr. Swamy said. He also appreciated NALCO’s contribution, as an integrated business entity, towards Indian aluminium sector in particular and Indian Economy as a whole.

While delivering the welcome address, Shri Sridhar Patra, CMD, said that as a Central Public Sector, NALCO has always given priority to boost the country’s economy and serve the interest of the Nation through continuous improvement in production, productivity and profitability and also works beyond profitability for promoting social and economic development through its CSR arm. “The company is dedicated to work towards the sustainable development of the Nation and Indian Industry in years to come,” he added.

Among others, the Directors of the NALCO, senior officials, guests from industry and academia and former Nalconians were present on the occasion.