The Hindu Business Line : Tyre Corpn divestment cleared

New Delhi, Oct. 25 The Government has approved steps for disinvestment in Tyre Corporation of India, under which it will allow the public-sector enterprise to form a joint venture with a private company. “The Union Cabinet has given its approval for making necessary amendments in TCIL Bill, 2007 pending in Lok Sabha. The company can be revived in a sustainable manner only through a joint venture, which would require a change in the nature of the PSE,” Information and Broadcasting Minister, Mr Priyaranjan Dasmunsi said.

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