Non-official directors play important role in improving performance of CPSUs: Piyush Goyal

Mumbai (Maharashtra) [India], July 13 : Non-official directors play an important role in improving the performance of Central Public Sector Undertakings (CPSUs) and work as a link between the government and the people, Commerce and Industry Minister Piyush Goyal has said.
Goyal interacted with the non-official directors (NoDs) of CPSUs under his ministries viz. India Trade Promotion, ECGC Ltd. (Export Credit Guarantee Corporation of India), State Trading Corporation of India Ltd, MMTC Ltd. (Metals and Minerals Trading Corporation of India), PEC Ltd. (The Project and Equipment Corporation of India), State Trading Corporation of India Ltd Central Warehouse Corporation and Food Corporation of India.
Secretary, Department of Commerce, Secretary, Food & Public Distribution and Consumer Affairs and Secretary, Department of Textile and Senior Officials of all three Departments attended the meeting.
Speaking during the interaction, Goyal said that NoDs expertise and experience will help the government in ensuring the welfare of the citizens of India. He said that NoDs have assumed critical importance given increased sectoral complexities.
The minister added that NoDs are expected to bring alternate perspectives, provide an impartial view of shortcomings & suggest measures for improvement.
Goyal said that the NoDs also serve as a role model for employees and also safeguard interest of all stakeholders. However, he highlighted that any misgovernance should be taken to management with utmost urgency and also, he asked them to avoid influencing CPSE decisions while not getting involved in specific cases.
He said that the wealth of experience and wealth of knowledge of NoDs stays true to the vision of Prime Minister Narendra Modi who believes that they are an important link between the government and the people.
Secretaries of Department of Commerce, Department of Food & Public Distribution and Ministry of Textiles also addressed the NoDs' meet.
In his address, Shri B V R Subrahmanyam, Secretary, Department of Commerce, said that NoDs should keep themselves well informed about the Company and the environment in which it operates.
Sudhanshu Pandey, Secretary Department of Food and Public Distribution (DFPD) gave an overview of the department. He said that the department runs one of the world's biggest food distribution programme through NFSA and PMGKAY. U P Singh, Secretary Textiles also gave an overview of the Ministry of Textiles. He reiterated that India is a top producer of Cotton and Jute.