Divestment not a Dirty word... any more
Yet another indication of the growing maturity of Indian economy is the Government’s recognition of the feasibility of increased disinvestment in the Public Sector behemoths…while of course retaining 51% equity therein. Participation of private players is actually being encouraged as proposals are afoot to disinvest a small portion of equity in entities like RITES (Rail India Technical and Economic Services Ltd), Cochin Shipyard Ltd., Telecommunications Consultants India Ltd, Manganese Ore India Ltd, Rashtriya Ispat Nigam Ltd and Satluj Jal Vidyut Nigam Ltd.
Clearly the thinking behind the move is as progressive as it is professional…less State interference in the day to day functioning of these PSUs certainly bodes well for their financial health as well.
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