NITI Aayog begins groundwork on identifying more PSUs for sale

NITI Aayog has begun the groundwork for selecting the next set of public sector enterprises for strategic sale and disinvestment.

A preliminary meeting will be held at the Aayog on Monday to identify more state-owned companies across sectors that can be put up for sale, a top government official aware of deliberations told ET.

The Aayog has asked different ministries to recommend the names of the enterprises which can be considered for a strategic sale, where both ownership and control will be transferred. “The idea is to see which all companies and assets, which are non-strategic in nature, can be pushed for sale in the next round,” the official added.

The government can opt for strategic deals, disinvestment where a minority stake will be sold, monetisation of certain assets of a company or even a share buyback in the enterprises that will be identified. Such details will be worked out later.

The move to push for privatisation on a war footing is in sync with the government’s intent to completely exit non-strategic sectors through privatisation or strategic disinvestment,

ET Energy World
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