Policy

34 sick PSUs suggested for sell-off

PTI New Delhi | Updated on January 08, 2018 Published on October 26, 2017

The government think-tank NITI Aayog has recommended strategic disinvestment of 34 sick public sector units so far, its CEO Amitabh Kant said today. The Prime Minister’s Office (PMO) had asked the think-tank to look into the viability of sick state-run companies.

“We have recommended 34 sick PSUs for strategic disinvestment,” Kant said at Crisil India Infrastructure Conclave here. The government has budgeted to raise ₹72,500 crore through stake sale in PSUs in the current fiscal. This includes ₹46,500 crore from minority stake sale, ₹15,000 crore from strategic disinvestment and ₹11,000 crore from listing of PSU insurance companies.

Published on October 26, 2017

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