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Public and private sectors must work together for sustainable nation: President Patil

New Delhi, Fri, 13 Apr 2012 ANI

New Delhi, Apr 13 (ANI): President Pratibha Devisingh Patil today called for public sector and the private sector to work together for a truly sustainable and inclusive nation.

Speaking at the Standing Conference of Public Enterprises (SCOPE) function here, Patil said: " It must be remembered that growth is important, but also important is growth with social responsibility and growth that is based on ethics. Public Sectors must make these elements an essential part of the functioning".

Asserting that the public sector has a role in the nation's inclusive growth strategy, Patil reiterated her earlier emphasis that industry and agriculture have linkages, which need to be reinforced for having an integrated economy.

"Rainfed and dryland farming areas require special focus. This subject has generated interest amongst both the business community and farmers. It has been discussed in the Governor's Conference last year, and is being deliberated upon by a Sub-Committee of Governors set up to study and recommend measures for enhancing productivity, profitability, sustainability and competitiveness of rainfed areas with special reference to farmer-industry partnership," she added.

She also said that research and innovations must receive high priority through in-house R and D facilities, through sponsored research in collaboration with universities and R and D institutions, and through technological tie-ups with other industrial partners, particularly when there is foreign collaboration.

Patil further advised the Central Public Sector Enterprises (CPSEs) that their objective should be to build the capacity and skills of the people, for which is required a system that respects the values of honesty and hardwork.

She further said that for a rapidly growing economy like ours, both the public and private sectors must work together to meet the demand for large amounts of infrastructure investment.

"They must continue to perform well in existing areas, as well as explore new markets, enter into new areas and begin new activities. In addition, the public sector along with the corporate sector must work to increase India's global imprint and image," she added. (ANI)

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