“Setting up a
High-Level Export Strategy Committee will implement the five-point agenda set
out by the Prime Minister for enhancing the competitiveness of Indian PSEs by
(5 years) and long-term (10 years) roadmap for the PSEs, clearly laying down
exports and growth targets, is the order of the day to enhance their
geo-strategic reach,” stressed Mr Chandrajit Banerjee, Director-General,
Confederation of Indian Industry (CII).
A roadmap to expand exports and
geo-strategic reach of PSEs by 2022 by CII Research
CII Research has brought out a report ‘Can the Indian
PSEs enhance their Geo-strategic reach’, which presents a roadmap to expand
exports and geo-strategic reach of PSEs by 2022. It recommends that PSEs bid
for international projects as a consortium, leveraging each other’s mutual
competence, experiences and strengths. They should also leverage regional and
bilateral trade agreements in sectors where they have a comparative advantage.
Most PSEs have been exporting and/or have an
international presence. As per the CII report, they now have presence in over
80 countries across diverse regions with majority concentrated in the South
Asian region. A number of them are moving away from their traditional markets
to new markets, such as Africa and Cambodia, Laos, Myanmar and Vietnam (CLMV).
Report points out several domestic and
external barriers, inhibiting the PSEs’ ability to enhance exports
The report points out several domestic and external
barriers, which are inhibiting the PSEs’ ability to enhance exports. Lack of
autonomy, multiple procedures, management gaps lead to loss of potential
Many PSEs do not even have a dedicated
international desk or in-house teams
The report further identifies that many PSEs do not
even have a dedicated international desk or in-house teams which can support
exports and international competitive bidding. There are wide variations in
terms of support available from the Nodal Ministry/Reporting Ministries of the
PSEs. CII suggested a well-defined process for sharing of information between
the Indian Embassies, nodal Ministries, PSEs and their associations.
The CII report underscores that India’s Public Sector
Enterprises can enhance their geo-strategic reach by 2022 acting on the 15-point
recommendations for the PSEs Government and industry associations.