New Delhi : President Pranab Mukherjee Presented the Standing Conference of Public Enterprises (SCOPE) Awards at the 8th Public Sector Day function held in New Delhi on Monday.
Speaking on the occasion, the President said that celebrating this Day is an acknowledgement of the invaluable contribution made by our Central Public Sector Enterprises (CPSEs) since independence when PSEs had been chosen as the vehicle of industrialization in our country.
The President said that in our country we started with only five PSEs with an investment of 29 crore. However, their growth over the years is very substantial. Their overall net profit increased by 12.5 percent during 2015-16. He said that India is a fast growing economy and many more glorious chapters will be added to the credit of PSEs in the future too.
The President said that he had been associated with SCOPE functions on many occasions. He congratulated the awardees and wished them further success.