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34 sick PSUs suggested for strategic divestment: Niti Aayog CEO

Govt has budgeted to raise Rs 72,500 cr through stake sale in PSUs in FY18

Press Trust of India  |  New Delhi 

NITI, niti, niti aayog, Amitabh Kant
CEO of NITI Aayog Amitabh Kant

think-tank Niti Aayog has recommended strategic disinvestment of 34 sick public sector units so far, its CEO 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 Infrastructure Conclave here.

The has budgeted to raise Rs 72,500 crore through stake sale in PSUs in the current financial year.

This includes Rs 46,500 crore from minority stake sale, Rs 15,000 crore from strategic disinvestment and Rs 11,000 crore from listing of PSU companies.

First Published: Thu, October 26 2017. 14:16 IST