Mumbai: Finance Minister Piyush Goyal on Monday said the government will focus on improving Air India’s operational efficiency and management practices. But the proposed strategic disinvestment of the national carrier will depend on international conditions, he said.
“In the next 18 months, you will see a visible change,” he told reporters.
While he did not give a timeline for the stake-sale, he said the proposal is still on the table.
Goyal’s comments come after the Centre’s proposed 76-per cent stake sale in Air India failed to generate any bids, the deadline for which was May 31.
Goyal said India is looking for funds from the Asian Infrastructure Investment Bank (AIIB) for nine more projects that require an investment of $2.4 billion. These will include four private sector projects that require funding of $860 million.
India is already the largest recipient of funds from AIIB and has picked up almost 28 per cent of the bank’s total lending so far of $1.4 billion for seven projects.
25/06/18 Business Line
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“In the next 18 months, you will see a visible change,” he told reporters.
While he did not give a timeline for the stake-sale, he said the proposal is still on the table.
Goyal’s comments come after the Centre’s proposed 76-per cent stake sale in Air India failed to generate any bids, the deadline for which was May 31.
Goyal said India is looking for funds from the Asian Infrastructure Investment Bank (AIIB) for nine more projects that require an investment of $2.4 billion. These will include four private sector projects that require funding of $860 million.
India is already the largest recipient of funds from AIIB and has picked up almost 28 per cent of the bank’s total lending so far of $1.4 billion for seven projects.
25/06/18 Business Line
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