Business Mantra: Faridabad
-Slick PSU to be closed
-Strategic sale of equity in other by government.
Government of India has set a target of collecting nearly Rs. 56500/- crore by disinvestment or sales of its share in public sector undertaking.
NITI Ayog Execution Plan
- 36000/- crore minority stake sale
- 20500/- crore from strategic sale of equity in other PSU.
So it can be said NITI Ayog has made the execution plan by two modes or ways. This two ways execution plan has been submitted by NITI Ayog to Prime Minister Office. In this F.Y. 2016-2017 government seems to be serious regarding disinvestment target achievement.
To achieve the target already nearly 11% stake has been sold in NHPC.
In this two way plan, NITI Ayog has recommended to close down the sick or loss making PSU or we can say 100% selling and while in other set of PSU companies part stake sale has been recommended.
This list comprises of 15 PSU.
MMTC, NMDC, COAL INDIA, NAL CO are among these 15 names.