HomeBudget 2022Budget 2021: FM Nirmala Sitharaman reveals plans for disinvestment, PSU privatization

Budget 2021: FM Nirmala Sitharaman reveals plans for disinvestment, PSU privatization

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Revealing the plan for disinvestment and privatization, Finance Minister Nirmala Sitharaman on Monday announced to divest two PSUs and one general insurance company.

“All disinvestment, including BPCL, LIC IPO, CONCOR, Pawan Hans, and Air India will be completed by FY22,” she said.

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“The Government will create a new list of companies for disinvestment. Will also form SPV for monetization of land owned by the government,” She added.

The disinvestment targets of Rs 1.75 lakh crore.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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