Bottom-up approach required in fixing divestment target: DIPAM secretary

'If the geopolitical situation stabilises, we'll see whether we can relaunch the (BPCL) transaction', said Tuhin Kanta Pandey

The government is counting on the sale of its minority stake in Hindustan Zinc and the privatisation of Shipping Corporation to meet the divestment target of Rs 65,000 crore for the current fiscal year as the sale of IDBI Bank and Container Corporation of India (Concor) is likely to be completed during the next fiscal year only, says Tuhin Kanta Pandey, secretary, Department of Investment and Public Asset Management (DIPAM). In an interview with Shrimi Choudhary and Arup Roychoudhury, Pandey argues for a bit more “bottom-up” approach rather than a top-line approach for fixing a yearly disinvestment target and then