Sunday, October 2, 2022

Vice President urges private sector to play a bigger role in development

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New Delhi: Vice President M Venkaiah Naidu urged the private sector to play a bigger role in infrastructure development and improving health and education sectors on Saturday. Inaugurating the 11th Project Management National Conference, in Hyderabad today, he said that public-private partnerships would be the order of the day for big projects like SMART Cities.

Observing that Project Managers were extremely important for a nation’s progress, the Vice President said these were times for immense changes and the knowledge and skills of project managers would have a positive impact on the industry and the country’s economy.

Vice President says Corporate tax cut bold decision

The Vice President welcomed the bold decision announced by the government to cut corporate tax as it will stimulate economic growth. “The big project management challenge is to change people’s perceptions and win their support for lasting impact,” he added.

Stressing that all programmes must aim at achieving inclusive growth, Naidu said that institutionalization of project management was one of the important lessons that government agencies must learn from the private sector.

‘We need to improve the way we plan projects’

Referring to the recommendation of Task Force on Project and Programme Management which called for prescription of global standards and certifications for project professionals in public projects, Naidu said, “We need to improve the way we plan projects, manage stakeholders, monitor progress, take corrective action swiftly and decisively and develop future-ready talent with a high technology quotient.”

Referring to the policy framework initiated by the Quality Council of India, Naidu said that it would pave the way for a formal approach to project and programme management once it receives a go-ahead from the government. The Vice President also stressed the need for the conservation of water and ending single-use plastic.
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The Vice President also released a Book on Project Management in Braille.

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