NITI Aayog in favor of strategic sale of 44 Central PSUs 07/09/2016

NITI Aayog in favor of strategic sale of 44 Central PSUs
07/09/2016 15:19

NITI Aayog has said that it has made a case for strategic sale in as many as 44 public sector undertakings where the government can reduce its holding below 50 per cent by selling its stake.
As per reports, NITI Aayog's recommendation of strategic sale of these PSUs is part of the task entrusted to it by the government to suggest ways to divest Centre's stake in profit-making as well as loss making and sick units.
Commenting on the issue, NITI Aayog CEO Amitabh Kant told the media, "NITI Aayog has already recommended about 44 companies for strategic sale and that is going through a process. Dipam (Department of Investment and Public Asset Management) is working on that, taking it forward.”
"But for us, it's an ongoing process, so we are looking at the second lot, the third lot and we will come out with recommendations," he added.
As per reports, under the strategic sale, government's stake is reduced to 0-49 per cent in a PSU which is also called privatisation.