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.

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