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Indian Economy

Government think-tank NITI Aayog has recommended strategic disinvestment of 34 sick public sector units so far, its CEO Amitabh Kant said on Thursday. The Prime Minister’s Office (PMO) had asked the think-tank to look into the viability of sick state-run companies. “We have recommended 34 sick PSUs for strategic disinvestment,” Mr. Kant said at the Crisil India Infrastructure Conclave here.

The Centre plans to raise funds to the tune of Rs. 72,500 crore through stake sale in PSUs this fiscal, including Rs. 46,500 crore from minority stake sale.

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