Deprecatory of this & will perpetually!

Economic Times induced intellectual aggression by mailing this news to my mailbox! So, lets be aggressive !!

http://economictimes.indiatimes.com/news/economy/infrastructure/nhidcl-to-invest-rs-25000-crore-on-21-projects-in-assam-over-next-five-years/articleshow/49287279.cms – News Link

I have been always aggressive deprecatory of such statute based PSU incorporated ventures (for every other thing) – since inception! Or at least limit it to bare necessities – to censure profiting of basics / to ensure basics necessities are affordable always!

Anyone who has worked with global Investment Banking / Consulting firms – (undertaking management strategy audits + operational/financial evaluation of financial management / fiscal strategy of public works executions) – would preach at length – the level of mismanagement and pathetic repercussions of – incorporating a statutory PSU Corporation – for public works – vs – offloading whole work – directly to private players – under public-private partnership – like Airports to GVK, or toll highways on BOT basis!

I myself can endorse this – having evaluated such ventures!

Incorporating a PSU via statute – for public works execution is redundant, and rather counter-productive for economy !! Politicians interfere with management policies, vote-banks drive investment decisions, unprofessional management, even workforce become counter-productive – as political strengths determine recruitment, workplace policies, even execution of business, and list is perpetually negative!

Why not privatize the whole public works – under BOT basis or public-private partnership? – which will ensure accountability, ensure no politicizing of any decisions, ensure all decisions are executed as per merit!

Govts rather privatized bare necessities like electricity – which ought to have been ALWAYS under public enterprise !!

Adios !!

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