NITI Aayog Recommends Strategic Disinvestment Of 34 Loss Making PSUs

NITI Aayog CEO Amitabh Kant (MONEY SHARMA/AFP/Getty Images)

Government think-tank Niti Aayog has recommended strategic disinvestment of 34 sick public sector units so far, its CEO Amitabh Kant said on Thursday.

The Prime Minister’s Office (PMO) had asked the think- tank to look into the viability of sick state-run companies.

“We have recommended 34 sick PSUs for strategic disinvestment,” Kant said at Crisil India Infrastructure Conclave in Delhi.

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The government has budgeted to raise Rs72,500 crore through stake sale in PSUs in the current fiscal. This includes Rs46,500 crore from minority stake sale, Rs15,000 crore from strategic disinvestment and Rs11,000 crore from listing of PSU insurance companies. (PTI)

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