Budget 2019: Air India sale on cards, govt hikes divestment target for FY20

Will also offer more CPSEs for strategic participation by the private sector

The government will reinitiate the process of divesting its stake in national carrier Air India, even as it increased its disinvestment target in the Union Budget 2019-20 (FY20) presented by Finance Minister Nirmala Sitharaman on Friday.

“Strategic disinvestment of select central public sector enterprises (CPSEs) would continue to remain a priority of this government. In view of current macroeconomic parameters, the government would not only reinitiate the process of strategic disinvestment of Air India, but would offer more CPSEs for strategic participation by the private sector,” Sitharaman said during her Budget speech.

The target for disinvestment receipts has increased to