 "Govt’s divestment plan for Shipping Corp is not going to be easy sailing")
In December last year, the government invited expressions of interest to divest 63.75 per cent in Shipping Corporation of India (SCI) by February 13, a deadline that was postponed to March 1. The extension was a result of the SCI management’s inability to appoint a consultant to demerge non-core assets and restructure the company. But once that is done, it is still not going to be easy for this 71-year-old Navaratna to find a new owner.
The potential icebergs ahead are the absence of a robust shipping policy — of which the tax regime is a crucial part — and
