You are here: Home » Economy & Policy » News
Business Standard

NITI Aayog preparing new list of sick PSUs for disinvestment: Amitabh Kant

The government expects to raise Rs 800 billlion from PSU disinvestment in the next fiscal, lesser than Rs 1 trillion raised this year

ANI  |  New Delhi 

Amitabh Kant. Chief executive officer, NITI Aayog
Amitabh Kant. Chief executive officer, NITI Aayog

CEO has said that the Aayog has already recommended 40 sick PSUs for strategic disinvestment and is making an additional list of sick PSUs that can be privatised.

Kant said, "has already recommended 40 sick PSUs for strategic disinvestment. Department of Investment and Public Asset Management (DIPAM) is working on it and the process is in advanced stage. We have already sent four lists (of sick PSUs). We are working on the fifth list. We will also prepare sixth and seventh list."

Kant also added that the Prime Minister's Office (PMO) had asked the to look into the capability of sick state-run companies.

The government expects to raise Rs 800 billlion from in the next fiscal, lesser than Rs 1 trillion raised this year.

The 2017-18 Budget had set the goal of disinvestment in public sector units at Rs 725 billion.

First Published: Thu, February 22 2018. 07:02 IST
RECOMMENDED FOR YOU