Lalit Shastri
When Prime Minister Narendra Modi, who has tirelessly kept crisscrossing the globe to project India as an ideal investment destination, should become a catalyst for change and an example for the high-flyers who keep cribbing about jet lag, we have a scenario where dozens of top slots in State owned enterprises or the Public Sector Undertakings are lying vacant – this especially at a time when “Come make in India” is our message to captains of industry across the world.
A large number of government of India controlled PSUs, due to inherent and inbuilt factors, have continued to remain loss-making contraptions. There is always a pressure to fill the top slots in public sector organizations that are leading producers in their area of specialization called the “Maharatna” (great jewel) companies like Bharat Heavy Electricals Limited, Coal India Limited, GAIL (India) Limited, Indian Oil Corporation Limited, NTPC Limited, Oil & Natural Gas Corporation Limited, Steel Authority of India Limited or the national carrier like Air India and Food Corporation of India (FCI). In an organization like the BHEL, there is a premium for professionalism, expertise and seniority within the ranks, whereas, there has always been a scramble among those in the bureaucracy for posts like Chairman and managing Director of Air India which offers the opportunity to perform on the global stage and the FCI, which is considered a sinecure with endless perks of office.
The problem lies with light-weight PSUs (mini gems) that are struggling to stay afloat with outdated infrastructure, paucity of resources, red-tapism and rickety workforce in the midst of all-round competition triggered by the global economy. Obviously there is no room for debate and on priority the government should formulate a divestment strategy for the non-performing enterprises.
In the interim, for those units that the Government wants to continue, it is important that they should not be allowed to go rudderless without a proper line of supervision.
Public Sector Enterprises where top slots are lying vacant over a long period:
| 01 | POWER FINANCE CORPORATION LTD.(PFC) | Director (Projects) 23/12/2015 |
A | 75000-100000/- (revised) 01/01/2017 |
25/02/2016 |
| 02 | MECON LTD. | Director (Engineering) 23/12/2015 |
A | 75000-100000/- (revised) 01/01/2017 |
24/02/2016 |
| 03 | MISHRA DHATU NIGAM LIMITED(MIDHANI) | Director (Finance) 22/12/2015 |
B | 65000-75000/- (revised) 01/01/2017 |
24/02/2016 |
| 04 | KUDREMUKH IRON ORE COMPANY LIMITED(KIOCL) | Director (Finance) 16/12/2015 |
A | 75000-100000/- (revised) 01/06/2016 |
20/01/2016 |
| 05 | HINDUSTAN ANTIBIOTICS LIMITED (HAL) | Director(Finance) 27/11/2015 |
C | 20500-500-25000/- (1997 pay scale) 02/08/2015 |
15/01/2016 |
| 06 | GAIL(INDIA) LTD. | Director(Marketing) 06/11/2015 |
A | 75000-100000/- (revised) 14/09/2015 |
14/01/2016 |
| 07 | BHARAT ELECTRONICS LTD.(BEL) | Chairman and Managing Director 04/11/2015 |
A | 80000-125000/- (revised) 01/10/2016 |
11/01/2016 |
| 08 | ELECTRONICS CORPORATION OF INDIA LIMITED(ECIL) | Chairman and Managing Director 23/10/2015 |
A | 80000-125000/- (revised) 01/11/2016 |
28/12/2015 |
| 09 | NTPC LIMITED | Director(Commercial) 09/10/2015 |
A | 75000-100000/- (revised) 21/08/2015 |
30/11/2015 |
| 10 | FERTILIZERS & CHEMICALS TRAVANCORE LTD.(FACT) | Director(Marketing) 29/09/2015 |
A | 75000-100000/- (revised) 09/06/2015 |
04/11/2015 |
| 11 | HMT LIMITED | Chairman & Managing Director 16/09/2015 |
A | 27750-750-31500/- (revised) 01/05/2016 |
20/11/2015 |
| 12 | WAPCOS LIMITED | Director(Commercial & HRD) 31/07/2015 |
B | 65000-75000/- (revised) 03/02/2015 |
21/09/2015 |
| 13 | BHARAT ELECTRONICS LIMITED(BEL) | Director(Marketing) 28/07/2015 |
A | 75000-100000/- (revised) 01/08/2016 |
05/10/2015 |
| 14 | INSTRUMENTATION LIMITED | Director(Commercial) 20/07/2015 |
B | 22500-600-27300/- (1997 pay scale) 01/08/2016 |
24/09/2015 |
| 15 | HLL LIFECARE LIMITED | Chairman and Managing Director 27/05/2015 |
B | 75,000-90,000/- (revised) 01/06/2016 |
31/07/2015Online Application Form |
| 16 | INDIAN TELEPHONE INDUSTRIES LIMITED(ITI)CORRIGENDUM
CORRIGENDUM (II) |
Chairman and Managing Director 08/05/2015 |
A | 27,750-750-31,500/- (1997 Pay Scale) 01/11/2015 |
12/06/2015Online Application Form |
| 17 | TELECOMMUNICATIONS CONSULTANTS INDIA LTD.(TCIL) | Chairman and Managing Director 12/02/2015 |
A | 80,000-125,000/- (revised) 01/02/2016 |
10/04/2015 |
| 18 | HMT WATCHES LTD. | Managing Director 27/05/2014 |
B | 12000-400-14000/- (Pre-Revised) 01/06/2015 |
30/07/2014 |
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