The Government Will Complete The Oil Divestment From Air India And Bharat Petroleum Disinvestment In 2021-22.
The government’s goal is to complete the privatization of Air India and Bharat Petroleum Limited (BPCL) within this fiscal year.
At the annual meeting of the Indian Industry Association (IIC) industrial group, Tuhin Kant Pandey, Secretary of the Department of Public Assets Investment and Management (DIPAM), stated that the government has also received strong interest in shipping from potential bidders Corporation. of India, Pawan Hans and Neelachal Ispat Nigam Limited.
“We are presently at the second phase of due determination and monetary offering, which we will actually want to finish in this monetary year,” said Mr Pandey.
He said IDBI Bank’s essential disinvestment has likewise been set into movement with the Cabinet endorsement. The declaration of interest is normal for Container Corporation of India (CONCOR) when the land rent strategy is concluded.
“The public authority is dealing with a ₹ 6 lakh crore resource adaptation plan that will incorporate pipelines of Power Grid Corporation of India and public roadways,” he educated further, adding that the adaptation plan covers a wide range of resources from electrical cables to public expressways.
The Secretary stated that the tender for the development of railway stations through public-private partnership (PPP) routes has also been announced. The center’s asset monetization plan aims to raise funds by leasing public assets to private entities for a specific period of time.
Even sports fields and stadiums like the iconic Jawaharlal Nehru Stadium in the national capital will benefit from the plan.
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