Introduction

Establishing a presence in approximately seventy nations, Public Sector Undertakings (PSUs) from India have strategically positioned themselves on a global scale. The year 2023 has brought about significant developments in India's PSU, marked by a union of strategic government initiatives and robust market dynamics. Throughout the year, investors are betting on the government's efforts to propel India's growth trajectory, with smallcaps and midcaps within the PSU sector exhibiting remarkable gains. The increased capital expenditure in key sectors such as railways, defence, and banking, coupled with a firm emphasis on 'Make in India,' has ignited a wave of positive momentum.
 

Whilst as the Prime Minister says, “It is not enough to rest on past laurels, but is also important to adapt to emerging challenges and innovation should be the guiding principles in the 21st century”. In this light, GovConnect (an ilouge Media initiative) organizing its 2nd edition of PSU Transformation Conclave 2024 with the theme - Resilience in Action: Transforming India's PSUs into the Global Powerhouses.
 

As we gather at the 2nd edition of PSU Transformation Conclave 2024, it is imperative to dissect and understand the factors that have propelled the resurgence of India's Public Sector Undertakings. This confluence of government initiatives, market dynamics, and the resilience of PSUs presents a unique opportunity for stakeholders to engage in insightful discussions, foster collaborations, and chart a course for sustained growth in the PSU sector. The conclave aims to provide a platform for stakeholders to exchange ideas, share best practices, and collectively contribute to the continued success of India's PSUs in the dynamic economic landscape.