SEPTEMBER 2014

when you look at it as a part of the larger
framework of providing direct subsidies
and help to poor in urban and rural areas,
you start admiring the way the breath
taking vision of reaching out to every
Indian - especially poor and helpless
Indian directly - has been worked out in a
step by step manner.
This approach of breaking down each
large, seemingly humongous activity in to
various sub-activities and work towards
meticulously achieving them to arrive at
the end goal seems to be the hall mark of
Narendra Modi as an administrator. He
achieves what he sets out to do however
arduous the tasks. He did it in Gujarat for
more than a decade. He will do it in India.
The new government therefore looks to
come out with many such schemes one
after another.
One more interesting facet of
management is project management
group. A project management group
seems to have been set up to monitor
projects above Rs 1,000 crore anywhere in
India. A portal has been set up on which
all projects are managed. Everyone can
see what is happening to their project’s
approvals through Center and state-level
agencies.
Automation of work and transparency
has been even enhanced by taking it to
different state-level agencies as well as
the central agencies. As a part of this
framework, the environment ministry
launched its own portal to track the
progress of applications submitted to
it. All the various portals are getting
integrated. Even states are cooperating
not only in projects of more than Rs
1,000 crore monitoring but also are in the
process of setting up their own portals to
monitor Rs 100 to Rs 1000 crore worth
projects. The states are also setting up
their own project monitoring groups.
These projects are not only public sector
projects but also private sector projects.
In future one can expect many such
groups tracking implementation of many
of the development and private activities.
It's a work man like framework taken
from private sector for achieving results
and modified for Government to act as
a catalyst and a service provider. Initial
success of this framework will give a huge
boost to making India the easiest place to
do business rather than one of the most
difficult places to do business. Getting
the dream of make in India can be easily
fulfilled if we are able to implement the
projects. Currently the pmg is monitoring
In the first few months of its regime, government can make its
priorities clear either through announcements or by policy initiatives
or both. The new government seems to have made its priorities
clear especially with the budget and more importantly during the
Independent Day address of the Prime Minister.
more than Rs 6 lakh crore of projects.
Announcement to dismantle Planning
Commission, seen as the architect of
India’s growth and development and
setting up a new framework to monitor
the policies and their implementation
will go a long way in establishing a parity
between center and states in a federal
democracy. We need to wait and watch
the final contours of the new mechanism
and organisation structure being put in
place going forward in this regard.
Swacch Bharat is another ambitious
project that has been announced. I am
sure with the same meticulous planing
and execution framework in a step by
step way, India will be able to achieve
availability of toilets in almost all
households in near future.
Getting different countries like Japan,
China, UK, US, Singapore to invest in
different parts and different projects in
India is expected to be another game
changer. Frequent visit of PM To foreign
shores is perhaps due to the same to
convince the government's and business
community in these countries to take
India as an important destinations to
produce the goods and Services. Foreign
investments upto 49% in defence and
liberalisation of foreign investment in
several sectors including insurance etc
are giving indications of fast moving
policy directions.
Creating 30 crore new jobs in next 20
years in India is the most important
project India has. All the efforts are being
put in place to accelerate and enhance
job creation in near future and sustain it.
Notwithstanding the high expectations
raised by media, Indian public seems to
be in a mood to wait and give him a lot
more time to perform.
There are several other projects and
changes in the way. The big bang
announcements which the western
educated audience is looking for ‎may
not happen in the same way they expect.
However even more ambitious, even
larger, more important to India projects
will be undertaken and executed within
time and cost. That is the promise and
that is what will be delivered.
We have seen a trailer in 100 days. That is
sufficient to convince me to say 'picture to
abhi baki hai mere dost'.
»»(The author is MD & CEO of BSE LTD.
He has over 22 years of experience
in Financial Markets and technology.
Ashish holds a B. Tech in Mechanical
Engineering from IIT Bombay and
PGDM from IIM Calcutta)
19