The government had, in 2019, announced plans to privatise a number of state-run companies, including selling its stake in SCI, which was stalled due to regulatory delays.
The Department of Public Enterprises is in the process of identifying non-strategic central public sector undertakings either for closure or privatisation.
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Last Updated: May 12, 2021, 12:01 PM IST
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Synopsis
No other segment has been untouched by the economic reforms that have swept the country in the past three decades as the public sector companies are, barring a brief privatisation phase under Prime Minister Vajpayee at the turn of the century.
Agencies
Some privatisation candidates have been lined up – Bharat Petroleum Corp., Shipping Corp of India and others. But few other departments have such a dismal record as the privatisation ministry in failing to meet targets.
The author is a post-graduate in Economics and has been a financial markets journalist for more than 25 years.