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STATE OWNED ENTERPRISES (SOEs) - SUGGESTIONS FOR NXTGEN REFORMS

Popularity 2Viewed 2972 times 2017-2-25 01:27 |System category:News

State Owned Enterprises (SOEs) are very important part of nation's economy. In the present era of globalised economy , they face headwinds, which at times impacts their performance. Here are some suggestions for new age SOE reforms :

A. Mentoring System for Turnaround of loss making or sick SOEs
Selected bigger SOEs can be entrusted the responsibility of Mentoring loss making or sick SOEs so as to ensure that they are nursed back to becoming viable business entities. For this , schemes would have to be drawn to ensure clear cut accountability for Mentor SOEs coupled with a appropriate reward mechanism.

B. Land or asset pooling among SOEs
 Considering increasing cost of capital, SOEs can be encouraged to adopt practice of pooling of high value machinery and assets like land , office building etc

C. Evolution of Global Performance Benchmarks 
In order to make SOEs capable of meeting global standards, SOEs must evolve world class performance parameters in terms of operating efficiency, cost, throughput etc at par with their global competitors. SOEs, by virtue of the capital investment & space they occupy in the country's economy, must be international class. 

(Opinions of the writer in this blog don't represent those of China Daily.)


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Reply Report HailChina! 2017-3-2 02:37
sanjay_cro: Hi, Thank you for finding the contents relevant. You have brought out very important facets of the SOEs existing around the world over. PPP is a excel ...
Thanks. Yes joint ventures is a great idea. Another idea is that it is in many ways just as good for private Chinese investment in PPP. It is just as good in many ways for Jack Ma or other Chinese citizens/groups to invest in PPP as it is to have foreign investment in PPP.

Thanks again for your blog.

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  • MY CHINA VISIT 2017-3-8 11:52

    A good experience

  • STATE OWNED ENTERPRISES (SOEs) - SUGGESTIONS FOR NXTGEN REFORMS 2017-3-2 02:37

    sanjay_cro: Hi, Thank you for finding the contents relevant. You have brought out very important facets of the SOEs existing around the world over. PPP is a excel ...
    Thanks. Yes joint ventures is a great idea. Another idea is that it is in many ways just as good for private Chinese investment in PPP. It is just as good in many ways for Jack Ma or other Chinese citizens/groups to invest in PPP as it is to have foreign investment in PPP.

    Thanks again for your blog.

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