PM Narendra Modi to meet heads of PSEs on April 9

Second time in the last six months, Prime Minister Narendra Modi is likely to meet heads of the major public sector enterprises (PSEs) on April 9. The intent is to ask them to increase efficiency and contribute more towards the country's GDP.

Official sources said that the meeting will discuss ways to enhance their contribution towards making of New India by 2022.

The Prime Minister is also expected to ask PSU chiefs to set a goal each for their organisation, and give their best to achieve the same by 2022. The goals may be uplift of a certain number of people in a definite geography out of poverty, or skilling youth and making them employable.

With the officials of key public sector units, the government is also planning to discuss the disinvestment plan of the Centre in the coming financial year. The government has not been able to meet its disinvestment target for some years now.

The PSU chiefs will make presentations before the Prime Minister on human resource management innovations, finance and corporate governance and how these can be leveraged to improve their efficiency.

The public sector has been contributing more in the nation-building and have enhanced their image as more efficient managers in the recent years, but Modi wants them to play a transformative role. "The meeting will deliberate on that new role," sources said.

Heads of IOC, NTPC, ONGC, and GAIL India, among others, are expected to take part in the meeting. Sources said that a major chunk of time will be devoted on finding ways to increase India's crude oil production.