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Divestment Plans: 18 sectors including coal, crude oil, power, telecom among others are ‘strategic’ for government

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Divestment Plans: 18 sectors including coal, crude oil, power, telecom among others are ‘strategic’ for government

The 18 sectors have been classified into three categories, which are mining and exploration, manufacturing and services.
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11 Aug 2020 1 Mins Read 0 comment
ANI
New Delhi: The government has identified 18 strategic sectors for disinvestment purposes, including coal, crude oil, power, steel, telecom, atomic energy and defence, allowing three to four PSUs in each space while gradually moving out of all other sectors. The 18 sectors have been classified into three categories, which are mining and exploration, manufacturing and services. In mining, coal,
including local and institutional investors would want a clear and stable policy environment to carry out investments. The government has set a disinvestment target of Rs 2.1 lakh crore for this fiscal. Of this, Rs 1.2 lakh crore is expected to come from disinvestment of public sector undertakings and Rs 90,000 crore from sale of stake in financial institutions.
New Delhi: The government has identified 18 strategic sectors for disinvestment purposes, including coal, crude oil, power, steel, telecom, atomic energy and defence, allowing three to four PSUs in each space while gradually moving out of all other sectors. The 18 sectors have been classified into three categories, which are mining and exploration, manufacturing and services. In mining, coal, including local and institutional investors would want a clear and stable policy environment to carry out investments. The government has set a disinvestment target of Rs 2.1 lakh crore for this fiscal. Of this, Rs 1.2 lakh crore is expected to come from disinvestment of public sector undertakings and Rs 90,000 crore from sale of stake in financial institutions.

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