According to a news report in The Financial Express, the idea is to create momentum before accelerating such sales in the remaining period and use the non-debt revenue generated to fund development activities and infrastructure projects. 

 

NITI Aayog, which has been given the task to identify the PSUs for strategic sale, has already submitted two reports: the first identified 74 sick and loss-making companies for action while the second is to have recommended strategic disinvestment of about 30 other companies. The Aayog is preparing a second list of companies for strategic disinvestment to include more companies in the pipeline to be disinvested. In a strategic disinvestment, government stake can come down to below 49 percent in a PSU from up to 100 percent now. However, it could often take a long time to materialise depending on the complexity of the issues and the company involved. 

 

The administrative ministries and the department of investment and public asset management (Dipam) have been asked to work out the details on how to go about the strategic stake sales.