Supporting PSD Policy
Private Sector Development Policy Coordination Committee (PSDPCC)
Private Sector Development Policy Coordination Committee (PSDPCC) is the only strategic public sector platform for private sector-related policy review, coordination, identification of investment barriers and fostering public-private cooperation. PSD PCC has been established as per a Government Notification no 03.068.022.03.00.24.2011-377 on 12th September 2011 by the Prime Minister’s Office. The committee is chaired by the Principal Secretary of the Prime Minister’s Office. This committee has a membership of all Secretaries involved in trade and business with a provision of co-option of other members as and when necessary. Objectives of the committee involve; Improving enabled policy environment for private sector development; Achieving the strategic goals as determined in SFYP for Private Sector Development; Helping to create an investment-friendly environment to attract more FDI; Coordinating both public and private sectors for better business; Reviewing the progress of implementation of PSD reforms to identify roadblocks to execution and devise strategies to overcome roadblocks.
The committee has been formed to review all related activities for private sector development initiated by both the public and private sectors and make recommendations; to review the overall investment scenario in the private sector and set out ways to improve it; identify bottlenecks in private sector development and set out recommendations with a view to removing all bottlenecks, and to recommend actions for building cooperation between public and private sectors with a view to private sector development.
Members of the Committee
Secretarial Support of the PSDPCC
A Policy Coordination Unit (PCU) has been established on 13th September 2011 at the PMO comprising of important officials of PMO, Director General-1 and Director-1 to provide support services to PSDPCC. BUILD has been providing all secretarial services and working very closely with PMO. It is recognized as the primary source of information, and a strategic partner of the PSDPCC established at the Prime Minister’s Office (PMO) working since 2011. In addition, the Prime Minister’s Office has published a gazette on 1st January 2020 (03.068.022.2015/onsho.3/13) and engaged BUILD as the Secretariat and for providing research to the PSDPCC.
Role of PCC in Reform Architecture
BUILD is a vehicle to convey research-backed inputs and policy suggestions from the private sector as a government’s strategic partner. BUILD acts under planned reform architecture. Through this reform architecture, the WCs under BUILD, with support from the BUILD Secretariat, act as the core partners and Secretariat of the PSDPCC where complex inter-ministerial issues are raised and resolved alongside recommendations proposed by BUILD. So far, BUILD has organized thirteen (13) PSDPCC meetings and one Review Meeting under the chairmanship of Principal Secretary of PMO. A preparatory meeting on the 14th PSDPCC agenda was also held, and preparation of the 14th PSDPCC is in process. PMO also supports BUILD and organizes Review Meetings inviting Co-Chairs of the Working Committees for stock-taking exercises on the implementation status of the already approved recommendations.
PSSDPCC Meetings of BUILD
In total, 49 reform policy papers have been submitted and discussed in the PSDPCC, and several reform recommendations were approved through these meetings.
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