NITI Aayog will today hold a preliminary meeting to identify more such enterprises. It has already asked varied ministries under the Government to recommend names of such enterprises which could be considered for strategic sale involving the transfer of both, ownership and control.
The development falls in sync with the Government's earlier decision to completely exit non-strategic sectors through privatisation and strategic disinvestments. It intends to retain only a few public sector undertakings in strategic sectors which could include domains like defence, banking, insurance, steel, fertilisers and petroleum.
It should meanwhile be noted that in the previous set, NITI Aayog had recommended 48 companies to be pursued the first round of disinvestments. These included Air India in entirety, and also certain assets of NTPC, Cement Corporation of India, Bharat Earth Movers and Steel Authority of India.
In the ongoing year, the Government is looking to generate a record total of Rs 2.1 lakh crore from such disinvestment and strategic sales.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.