To increase autonomy, reduce political interference, the Central Government is laying a roadmap to lower its stake in all Central Public Sector Enterprises (CPSEs) to 49 per cent in the next three years.
PSUs dealing in strategic importance sectors such as defence and oil will be kept out of this gamut.
PSUs like Steel Authority of India, Power Grid Corporation of India Ltd, among others will be the first ones where the Government will let go off its majority stake. NITI Aayog is in the process of identifying such government run companies.
Currently, the Government holds more than 51 per cent stake in over 250 CPSEs.
|Get a chance to meet who's who of Transport ecosystem in India including key policymakers from Central and State Governments. Join us at National Summit on ‘Strategy for Ports, Highways Infrastructure and Logistics Efficiency , New Delhi on Aug 13, 2018 to explore business opportunities. Like and connect with us on Facebook, Linkedin and Twitter.|