The Southern Chapter of SCOPE was inaugurated in Bangalore by SCOPE Director General UD Choubey. The SCOPE Chapter will take up issues and concerns of the PSEs based in the Southern Region of the country and will take it further.
The Southern Region has 25 PSEs under its pool with a total investment of Rs31,000 crore and turnover of Rs2.02 lakh crore during 2013-14. The profit of 18 profit making companies was Rs13,000 crores.
Southern Region is home to five Navratnas and 11 Miniratnas besides other PSEs. These PSEs in Southern region are contributing significantly for important segment of economy and also to sensitive areas of defense, and electronics over and above mining, petroleum etc.
Southern Chapter of SCOPE was inaugurated in the presence of Malay Chatterjee, Chairman of the Southern Chapter & CMD, KIOCl ltd and a large number of Chief Executives of the regional PSEs.
The Opening of the Chapter was followed by a Conclave of the CMDs of the Southern Region PSEs. UD Choubey, Director General, SCOPE and Malay Chatterjee, Southern Chapter Chairman & CMD, KIOCl addressed the meeting.
The Conclave discussed various issues which are affecting the performance of PSEs. SCOPE has given emphasis on professionalization and empowerment of the Boards of PSEs, successive planning including simplification of the process of appointment of CEOs and Directors to achieve faster appointment of Independent Directors.
