The country has a disinvestment target of 1.75 trillion rupees for the next fiscal year which starts on April 1, Finance Minister Nirmala Sitharaman revealed during her budget announcement last month.
The country has a disinvestment target of 1.75 trillion rupees for the next fiscal year which starts on April 1, Finance Minister Nirmala Sitharaman revealed during herThis means the government will divest by selling state-owned assets to the private sector, or listing them on the stock exchange. "We have several transactions lined up and we are hopeful with the government's firm policy on privatization, that these deals will move forward this year," he added.
Even though the aviation industry has been hit hard by the coronavirus pandemic, Pandey said the government is making headway in its privatization plan for Air India.
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