Indian PSUs: Catalysts of Global Economic Excellence

Union Minister Jitendra Singh highlighted the exceptional performance of India's public sector undertakings (PSUs) at an event, noting they have met global benchmarks and significantly contributed to the country's economic growth. The minister also recognized various PSUs for their achievements in different categories during the 1st ET Government PSU Awards.

Union Minister Jitendra Singh emphasized on Saturday that India's public sector undertakings (PSUs) have distinguished themselves by meeting global benchmarks, becoming fundamental to the nation's growth and development.

During an event, Singh noted, ''India excels in various global benchmarks, equalling or surpassing other major nations in several areas.'' He particularly praised PSUs for their continued contributions to the Indian economy, labeling them as engines of progress.

The rise of India's economy, Singh said, is largely due to PSUs and their meticulous standards. ''Their unparalleled efforts have propelled India to rank 40 on the global innovation index, a significant leap from rank 81 in 2014,'' he stated, as per a Personnel Ministry release.

Singh attributed the success of Indian PSUs to their recent embrace of private sector involvement, a shift marked by the 1st ''ET Government PSU awards'' organized by the 'Economic Times.'

Various PSUs were awarded for achievements in different categories: Hindustan Aeronautics Limited (HAL) for skill development, BHASHINI for AI and predictive technology adoption, and HPCL for employee self-service. Other recipients included BHEL, CDAC, and EESL.

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