NITI Aayog preparing new list of sick PSUs for divestment

NITI Aayog preparing new list of sick PSUs for divestment

NITI Aayog, the government’s think-tank is in the middle of preparing another list of sick Public Sector Units (PSUs) that can be privatised, said its CEO Amitabh Kant. The Prime Minister’s Office (PMO) had asked the think- tank to look into the viability and feasibility of the sick state-run companies after which the Aayog has already commenced looking into the PSUs and has also recommended strategic divestment of 40 sick public sector units.

CEO Amitabh Kant said in New Delhi, “NITI Aayog has already recommended 40 sick PSUs for strategic disinvestment. Department of Investment and Public Asset Management (DIPAM) is working on it and the process is on advanced stage.”…We have already sent four lists (of sick PSUs). We are working on the fifth list. We will also prepare sixth and seventh list (of sick PSUs).”

The government hopes to raise Rs. 80,000 crore from the public sector unit disinvestment in the next fiscal which is lower than Rs. 1 lakh crore raised this financial year.

The 2017-18 Budget had set the target of disinvestment in public sector units at Rs. 72,500 crore. This included Rs. 46,500 crore as disinvestment of Central Public Sector Enterprises (CPSEs), Rs. 15,000 crore from strategic disinvestment and Rs. 11,000 crore from the listing of insurance companies.

 

(Source: PTI)

by TNBC Staff Reporter on February 22, 2018

Related Articles

advertisement