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

Niti making new list of sick PSUs for divestment: Amitabh Kant

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

Press Trust of India  |  New Delhi 

NITI Aayog CEO Amitabh Kant
India has worked in close partnership with the World Bank to improve our position

Government think-tank Aayog is preparing another list of sick PSUs that can be privatised, its said today.

The Prime Minister's Office (PMO) had asked the think- tank to look into the viability of sick state-run companies. The Aayog has already recommended strategic divestment of 40 sick public sector units.

"Aayog has already recommended 40 sick PSUs for strategic disinvestment. and Public Asset Management (DIPAM) is working on it and the process is on 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 (of sick PSUs)," Kant said here.

The government expects to raise Rs 800 billion from PSU disinvestment in the next fiscal, lower than Rs 1 lakh crore raised this financial year.

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

This included Rs 46,500 crore as disinvestment of CPSEs, Rs 150 billion from strategic disinvestment and Rs 110 billion from listing of companies.

First Published: Wed, February 21 2018. 15:25 IST
RECOMMENDED FOR YOU