Rigorous work underway to achieve privatisation targets: FM Sitharaman

Exuding confidence that the targets for the proposed strategic sales would be achieved, Finance Minister Nirmala Sitharaman said on Thursday that the government is undertaking all the “necessary rigorous” work to complete the planned privatisation processes by the end of this financial year.

Speaking at the CII annual conclave, Sitharaman said: “Our commitment to disinvestment and privatisation is firmly ingrained in policy. There is no discretion and there is a calendar.”

The government has set a target to complete the privatisation of Air India and BPCL, among other state-run companies and banks, in FY22.