The government wants to complete the privatization of Air India and Bharat Petroleum Corp and it is getting "sufficient interest” in the companies, said Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management. He said India will privatize several state-owned companies this financial year after a "long span", listing the national carrier and a fuel company among targets.
Addressing the yearly session of Confederation of Indian Industry (CII), he said Shipping Corporation of India, Pawan Hans and Neelachal Ispat Nigam Ltd have also got sufficient interest from bidders.
Tuhin Kanta Pandey said, "We are now at the second stage of due diligence and financial bidding, which we will be able to complete in this financial year," Adding that IDBI Bank's strategic disinvestment has also been set into motion with the Cabinet approval. The expression of interest (EOI) is expected for CONCOR as soon as the land lease policy is finalized.
Tenders for public-private partnerships in railway stations have also been announced, and the model has been successful in managing airports. "There is a big asset monetization pipeline where private sector participation is anticipated," Pandey added
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