Successful disinvestment of BPCL, CONCOR to lay foundation for much bigger stake sell programme: Garg

Successful disinvestment of Bharat Petroleum, Container Corporation of India and Shipping Corporation will lay the foundation of a much ambitious programme for stake sale in the central public sector undertakings, Former Finance Secretary Subhash Chandra Garg said on Friday.

From the perspective of non-tax income & receipts, 2019-20 will be an eventful year witnessing some extra-ordinarily positive events and a few misses, Garg said in a blog.

“Initiation of strategic stake sale in BPCL, CONCOR and SCI was a path-breaking measure and if carried to its logical end, privatisation agenda, stalled for last more than 15 years, would come back on track.

“These three transactions would lay foundation for a much more ambitious programme of disinvestment of central public sector undertakings,” he said.

The Economic Times
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