Plan to monetise 100 public sector assets, drawing Rs 2.5 trillion: PM

Says government has no business to be in business; 'Our mantra is monetise and modernise'

Prime Minister Narendra Modi on Wednesday made a strong case for privatisation of public sector undertakings that he said burdened the taxpayer, and stressed that the government has “no business to be in business”. He said his regime has set a target to monetise 100 PSUs in oil, gas, airports, ports, power, among other areas, which will draw Rs 2.5 trillion of investment.
 
“This process will continue in the future as well,” he said at a webinar on privatisation and investments in the Budget for 2021-22.
 
The PM underscored the need for adopting the best global practices for