Department Of Public Enterprises Ministry Of Heavy Industries

By | December 13, 2021

Department Of Public Enterprises Ministry Of Heavy Industries, the Ministry of Heavy Industries and Public Enterprises is an executive agency of the Government of India that administers 48 central public sector enterprises (PSEs) and assists them in their effort to improve capacity utilization and increase profitability, generate resources and re-orient strategies to become more competitive.

The ministry serves as an interface between PSEs and other agencies for long-term policy formulation. The ministry also encourages the restructuring of PSEs to make their operations competitive and viable on a long-term and sustainable basis

As of July 2016, the Honorable Minister is Anant Geete, and the Honorable Minister of State is Babul Supriyo.

Department of Public Enterprises

The Department of Public Enterprises acts as a nodal agency for all Public Sector Enterprises and assists in policy formulation pertaining to the role of PSEs in the economy by laying down policy guidelines on performance improvement and evaluation, financial accounting, personnel management and in related areas.

It also collects, evaluates, and maintains information on several areas in respect of PSEs. The Department has five constituent Divisions, viz; the Financial Policy Division, the Management Policy Division, the MOU Division, the Administration & Coordination Division and Permanent Machinery of Arbitration.

The vision of the Department of Public Enterprises (DPE) is to drive investment, productivity and transformation in the Department’s portfolio of State-Owned Companies (SOCs), their customers and suppliers so as to unlock growth, drive industrialization, create jobs and develop skills.

State-owned companies are strategic instruments of industrial policy and core players in the new growth path. The Department aims to provide decisive strategic direction to SOCs, so that their businesses are aligned with the national growth strategies arising out of the new growth path. The Department will do this by ensuring that their planning and performance, and investments and activities are in line with the government’s medium-term strategic framework and the Minister’s service delivery agreement.

Over the medium term, the Department will focus on achieving the following outputs: improving the delivery and maintenance of infrastructure and monitoring the roll-out of the Transnet and Eskom build programmes; achieving policy and regulatory clarity in sectors in which SOCs operate; improving operational efficiencies of SOCs, particularly in relation to the reliable delivery of rail and ports services and the reliable generation, distribution and transmission of electricity; and developing operational indicators for each of the required sub-outputs identified as part of the delivery agreement and, where necessary, including these shareholder contracts concluded within SOCs.