Despite criticism, govt digs in heels for privatisation of Air India, BPCL

DIPAM is in the process of appointing transaction and legal advisors for BPCL, Concor, and SCI

The Narendra Modi government is unmoved in its efforts to carry out the “strategic sale” of companies like Air India, Bharat Petroleum Corporation Ltd (BPCL), Container Corporation of India (Concor), and The Shipping Corporation of India (SCI), even as it faces opposition and criticism from some of its own affiliates like the Swadeshi Jagaran Manch.

“The Prime Minister’s Office has made it clear that apart from THDC, and North Eastern Electric Power Corporation (Neepco), all the other companies up for privatisation this time around are to be sold to private players. The intent is clear, the Cabinet Committee on Economic