Time to sell the small stuff
February 04, 2021
On its last legs: Scooters India’s product line-up has dwindled to only 3-wheelers - THE HINDU ARCHIVES
On its last legs: Scooters India’s product line-up has dwindled to only 3-wheelers - THE HINDU ARCHIVES×
Scores of low-profile public sector companies on the block are the products of a different era
The headline ‘Scooters India to be sold’ has always brought back memories. As a young reporter back in 1985, I d spotted the headline for the first time and dashed off to Udyog Bhavan for details. I found myself face-to-face with a surly joint secretary who replied in monosyllables. That was an era when it was anathema to sell public-sector companies and it didn’t take me long to realise the sale of Scooters India wasn’t going to happen.