|PM Narendra Modi|
pool from the private sector to head the PSU entities. Quoting official sources a financial daily reported that the government of Prime Minister Narendra Modi will consider talent from the private sector to head state-run companies as part of a plan to improve their management. The ministries will publish vacancies in large corporations that will allow people from the private sector to apply. Thus, UPA government brought Infosys co-founder Nandan Nilekani in the government to launch the Aadhar project.
The normal practice for the country is that IAS officers are appointed as heads of PSUs. But in Gujarat, where Narendra Modi was at the helm till last month, some public sector units are headed by non- IAS personnel. For Modi experience and talent were more important than official credentials.
In fact a number of state PSUs with tremendous potential are making losses and the government is looking for bringing in expertise from private sector to turn around them. The challenge for the government will be to meet the remuneration that is offered in the private sector. Currently, Coal India is headless and soon the government will publish advertisement to fill the vacancy in the leading PSU.