When The Sky Is The Limit
'I reached my destination and you too!': Chandrayaan-3 —update on the ISRO website on 23 August
On 23 August the Made-in-India Rover Chandrayaan -3 soft landed on the moon, propelled into space from an Indian launch pad at Sriharikota. The moon mission as the world knows now, was accomplished by Indian scientists and spearheaded by the Indian Space Research Organisation (ISRO), a government-funded entity. The ISRO is not the only government-owned agency that is in step with global compatriots, many Maharatnas are too. Maharatnas like the Oil and Natural Gas Corporation, the Steel Authority of India Limited and Indian Oil Corporation are public sector behemoths with major market shares in their respective domains and most now have footprints overseas. They do India proud. So, Prime Minister Narendra Modi’s retort in Parliament on Congress leader Rahul Gandhi’s remarks about the health of Hindustan Aeronautics Limited was more than a jibe. Many market experts second the Prime Minister’s advice that it is, indeed, worth betting on the PSUs.
The gigantic public sector enterprises (PSEs), who own most of the country’s natural resources and minerals and generate employment for several lakh Indians, are our cover feature in this issue. As stock market expert S. P. Tulsian points out in his column, the grand PSE turnaround story, particularly of public sector banks and the ordnance factories, has attracted the attention of not just stock investors at home, but also foreign portfolio investors (FPIs). Read about India’s promising state-owned enterprises in this issue.
The India growth story, though, is being scripted at many levels and is as much the outcome of the endeavour and enterprise of policy-makers and PSEs as private enterprise, both big and small, legacy companies and startups. In keeping with BW Businessworld’s tradition of shining the spotlight on the best and most innovative ventures of the day, we bring to you a snapshot of the most laudable companies and entrepreneurs among micro, small and medium enterprises (MSMEs), now acknowledged as the backbone of the economy. The fifth edition of BW Businessworld’ s Emerging Business Summit & Awards celebrated the winners in the MSME space. Read about these bold and enterprising business leaders and companies.
Of course, we also bring to you all our regular columns and features. Happy reading!
