Strategic sales in PSUs the way forwardhttps://indianexpress.com/article/business/business-others/strategic-sales-in-psus-the-way-forward/

Strategic sales in PSUs the way forward

Alternatively, the presentation has suggested continuing with the current system of piecemeal stake sales in state-owned enterprises.

Breaking away from the current policy on stake sales, the department of disinvestment has suggested that the new government could consider strategic sale in public sector enterprises in sectors such as cement and steel.

The issue is understood to have been raised in the department’s presentation to the cabinet secretary listing out the agenda for the new government.

According to sources, while the government could continue to be the majority shareholder in PSUs in strategic sectors such as petroleum, defence, heavy engineering and power, it could exit from sectors like cement, steel, textiles, fertiliser, petrochemicals and transport equipment.

Alternatively, the presentation has suggested continuing with the current system of piecemeal stake sales in state-owned enterprises.

The Interim Budget 2014-15 proposes to mobilise Rs 15,000 crore from the stake sale in HZL and Balco. Further, it hopes to garner Rs 36,925 crore from disinvestment in different PSUs in FY15.