Government aims to sell Air India, other firms by March 2020: Report

Topics Air India

India aims to sell two or three state-owned firms to local or foreign firms to raise up to Rs 600 billion ($8.5 billion) by March 2020, a senior Finance Ministry official said on Monday.

The government planned to sell Bharat Petroleum Corp Ltd , logistics firm Container Corp of India Ltd and debt-laden Air India before the end of the 2019/20 financial year, the official, who asked not to be named, told reporters. The Prime Minister's Office (PMO) had voiced reservations about the Finance Ministry's past sales of stakes.

This article is no longer available in our repository.

There could be multiple reasons for this.