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32 PSUs on NITI list for divestment

The government has targeted raising Rs 56,500 crore in capital from disinvestments this fiscal, of which Rs 20,500 crore is to be from strategic sales.

Published: 16th June 2016 05:32 AM  |   Last Updated: 16th June 2016 05:32 AM   |  A+A-

NEW DELHI: A NITI Aayog panel has identified 32 loss-making Public Sector Undertakings (PSU), including Central Public Sector Enterprises (CPSE) like Bharat Pumps & Compressors, Tyre Corporation of India, Central Inland Water Transport Corporation and Bengal Chemicals & Pharmaceuticals among others for strategic disinvestment. As many as 10 of these companies could undergo strategic disinvestment right away.

For the rest, including public sector airline Air India, Chennai Petroleum, Madras Fertilizer etc., the suggestion made by the panel is to revive them first, while also retaining the option for strategic disinvestment.

The proposal and the list have been reportedly submitted to the Prime Minister’s Office.

The government has targeted raising Rs 56,500 crore in capital from disinvestments this fiscal, of which Rs 20,500 crore is to be from strategic sales.



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