Saturday, November 02, 2019

Air India privatisation process in full swing: Hardeep Puri

Birmingham: Union minister for civil aviation Hardeep Singh Puri has said that the privatisation process for Air India is in full swing and he expected it to be completed in the coming months.

The minister said the national carrier's sale was in the interest of the wider Indian aviation sector in order to be able to carry on growing at pace.

"I expect that the privatisation process of Air India, the flag carrier, which is now full swing, to be completed in the coming months," Puri said, on the sidelines of his visit to the University of Birmingham to deliver an India Institute Annual Lecture on the Teachings of Guru Nanak on Friday.

In reference to a 100 per cent stake on offer in the airline this time around, the minister said lessons had been learnt from the previous failed attempt to sell the Indian flag carrier to ensure a smoother process this time.

"It is in the interest of the Indian aviation sector. Governments should not be in the business of running airlines," he said.

The minister said that he strongly believes that the civil aviation sector will be a critical driver of economic growth in India in the coming decade, with foreign investors joining in the boom.
02/11/19 PTI/Times of India
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