India considers new panel to quicken privatisation of state-run firms

An external panel will help accelerate the asset sale process and bypass red tape, according to the people.

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Bloomberg
India is considering setting up a body consisting of independent experts that would take over the role of privatising state-run firms once the government decides to divest, according to people with knowledge of the matter.
 
The panel will replace bureaucrats, who currently manage privatisation, as well as minority stake sales, sources said. The proposal is at an early stage and a final decision hasn’t been taken, they said.
 
An external panel will help accelerate the asset sale process and bypass red tape, according to the people. India still hasn’t managed to find a buyer for debt-ridden Air India

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First Published: Feb 16 2021 | 12:13 AM IST

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