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Disinvestments on first 100-day agenda of (new ) govt: Sources
Disinvestment of state-owned companies such as NTPC and Shipping Corporation of India (SCI) will figure high on the first 100-day agenda of the government after the votes are counted on June 4, a report said
Dr.G.R.Balakrishnan Apr 09 2024 Exim & Trade News

Disinvestments on first 100-day agenda of (new ) govt: Sources

The government’s focus would be to push for disinvestment, which fell short of its target in FY24, sources said.

The government is also looking to expedite its 63.75 percent stake sale in the Shipping Corporation of India (SCI) and invite financial bids, sources said. IDBI Bank divestment may see financial bids coming in in FY25, however, another divestment target, BEML, may get delayed, the report cited sources as saying.

In her interim Budget speech on February 1, finance minister Nirmala Sitharaman said the government aims to raise Rs 50,000 crore from stake sales in various public sector companies in 2024-25.  But the government could not reach its target as there were issues with sale transaction with state governments.