Govt Plans ‘Champion CPSEs’ for Viksit Bharat by 2047, NITI Aayog Roadmap Soon

Overview of Champion CPSEs

The Indian government is poised to unveil a strategy to elevate specific Central Public Sector Enterprises (CPSEs) into champion status. This initiative aims to propel India towards its vision of becoming a developed nation by 2047 through consistent economic growth and innovative advancements.

Key Features of the Champion CPSEs

– Enhanced Flexibility: These champion CPSEs will enjoy greater autonomy in their investment choices and corporate decisions, enabling them to seize international opportunities that align with India’s strategic objectives.
– Talent Acquisition: They will have the ability to attract talent from the private sector, fostering a diverse and skilled workforce.
– Operational Excellence: The roadmap focuses on leveraging technologies like AI, IoT, Digital Twins, and 3D printing to enhance operational capabilities.

Roadmap Details

– Collaboration with NITI Aayog: The roadmap, crafted by NITI Aayog in collaboration with the finance ministry, aims to strengthen the financial stability, technological competencies, corporate governance, talent pool, and overall operational efficiency of these CPSEs.
– Release Timeline: Government officials have stated that detailed plans will be made public soon.

Goals of the Initiative

– Vibrant CPSE Ecosystem: The government seeks to establish a dynamic CPSE ecosystem that supports its broader growth objectives without being overly intrusive in their operations.
– Leveraging Industrial Evolution: Champion CPSEs will be encouraged to embrace fourth-industrial-revolution technologies, enhancing their strategic strength.
– Future-Ready Framework: This initiative is aligned with the government’s broader efforts to cultivate CPSEs that are prepared for future challenges and opportunities.

Previous Initiatives and Next Steps

– MSME Champions: Similar to the recent budget initiative aimed at creating champions among Micro, Small, and Medium Enterprises (MSMEs), this plan for CPSEs reflects a targeted governmental approach.
– Selection of Entities: In August, it was reported that the Department of Public Enterprises had identified approximately a dozen CPSEs for significant reforms. Candidates include notable names such as Indian Rare Earths, Bharat Electronics, Mazagon Dock Shipbuilders, and Nuclear Power Corporation of India.

Current Landscape of CPSEs

– Statistics: As of March 2025, India had 475 CPSEs, out of which 291 were operational, according to the latest public enterprises survey.

Conclusion

The initiative to develop champion CPSEs is set to play a crucial role in India’s journey towards becoming a developed nation by 2047. By fostering innovation, enhancing operational flexibility, and attracting top-tier talent, these enterprises are expected to significantly contribute to the nation’s economic aspirations. As the government finalizes the roadmap, anticipation builds for the impact these champion CPSEs will have on India’s strategic growth and technological landscape.