India Govt. eyes $400 bn from non core public sectors |
After consultation with many ministries, Indian government has drawn up a list of assets that can be sold including electricity transmission lines of Power Grid, towers of BSNL & MTNL, pipelines of Gail India Ltd, airports in some cities and prime real estate owned by central public sector enterprises. Central Public Sector Enterprises in the Niti list that have monetizable land assets include National Textile Corporation, Hindustan Antibiotics and NTPC. According to sources, “The idea is to push CPSEs to monetise their existing assets and use the proceeds to fund greenfield assets.” Finance minister Nirmala Sitharaman had said that the central government will be open to bringing down its stake below 51% in a government¬ owned company provided the combined stake of the government and government¬ owned agencies stays above that threshold. Already, there is `in principle` approval for strategic disinvestment of 23 central public sector enterprises.
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