Big shift in disinvestment policy: Plan to privatise profitable CPSEs in works

11 june 2019 Big shift in disinvestment policy: Plan to privatise profitable CPSEs in works Niti Aayog may be told to draw up a list of non-strategic blue chip companies for sale. Read more at: //https://lnkd.in/epTQWN2 ============================== For over 2 years, govt has been trying very hard to sell ( divest ) some 24 LOSS MAKING public sector units - without any success Now , NITI Aayog is in the process of drawing up a list of PROFIT MAKING public sector units that could be sold This may meet with better response Although " profit making " ( may be due to some monopolistic conditions / preferential govt purchases etc ), this is not going to be a cake walk , considering that : # Technology / Machinery , may be obsolete by current standards # Most are over-staffed with very low MANPOWER PRODUCTIVITY ( - buyer may not want to take over all the employees and VRS may not be acceptable to Unions ) # Current competitors may be highly automated # Private Sector Banks ( already burdened with NPAs ), may not want to risk loans for such purchases