POWER

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,

Source
ET Energy World
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