Monday, October 11, 2021

Had govt retained Air India, aviation sector growth would have been constrained

The process of selling national carrier Air India has almost concluded, with Tata Sons emerging as the highest bidder. This will be the first privatization of a state-owned entity in nearly two decades. It is thus natural that Tuhin Kanta Pandey, Secretary of the Finance Ministry’s Department of Investment and Public Asset Management (DIPAM), is confident that a number of other pending privatization plans can be concluded this financial year. Speaking to Moneycontrol on October 9, Pandey expressed faith that his department will be able to privatize a number of PSUs before March 31, 2022 and meet the steep divestment target of Rs 1.75 lakh crore. Edited excerpts >>

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