ONGC bagged three titles at the Indian Chamber of Commerce (ICC) PSE Excellence Awards 2015 held in the capital yesterday. Director HR Mr D D Misra received the award on behalf of ONGC. ONGC received the award in the broad category of Maharatnas and Navratnas.
ICC recognized ONGC’s excellent contribution in the sphere of ‘CSR and Sustainability’, ‘Human Resource Management’ and ‘Excellence in Research and Development, Technology Development and Innovation’.
Though ONGC narrowly missed the First standing in the categories, the achievement is significant given the role ONGC has played in building the national economy and contributing earnestly towards social and economic causes keeping country at the forefront.
Public Sector Enterprises (PSEs) occupy significant role both in developed and developing countries. In developing countries from India to Sub-Sahara Africa, PSEs are the principal supplier of social services and are responsible for major national agendas. Globally the public expectations and priorities are changing and there is a need for enterprises to dynamically absorb and capitalize on new technologies like private sector.
Indian Chamber of Commerce took the initiative to salute the game changers and recognize the contributors to Indian Economy by introducing PSE Excellence Awards in the year 2010. This is the 6th edition of the PSE Excellence Awards.