Modi govt is planning to sell its stake in 46 PSUs, decision on six expected soon

Sources say that the list of firms in which govt stake is to be sold, sent for CCEA’s approval, includes Air India and its five subsidiaries

After it sells the government’s stake in profit-making public sector companies such as Bharat Petroleum Corporation Limited (BPCL), Shipping Corporation of India (SCI) and Container Corporation of India (CONCOR) etc as already announced, the Modi regime is planning to sell its stake in another 46 public sector companies, National Herald has learnt.Out of these 46, the formal decision on selling the government’s stake in six PSUs is expected soon. There are more than 270 public sector undertakings in India.

Modi government believes that selling its stake in “ailing” PSUs will not only garner the required fund and technology to run these companies but will boost the investment drive also.

However, leader of the CPI-backed AITUC, Sukumar Damle thinks otherwise. He says this government, through media, is creating a perception against PSUs.