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India’s plan to divest state-owned companies is ‘back on track’, says top official

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An Air India passenger flight prepares for landing.

STR | NurPhoto | Getty Images

India is “back on track” in its efforts to divest state-owned companies following delays due to the coronavirus pandemic, according to a top official from the Ministry of Finance. 

The country has a disinvestment target of 1.75 trillion rupees (about $24 billion) for the next fiscal year which starts on April 1, Finance Minister Nirmala Sitharaman revealed during her budget announcement last month.

This means the government will divest by selling state-owned assets to the private sector, or listing them on the stock exchange.

“A lot of preparation work actually was underway, but we had interruptions due to…



Source cnbc.com

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