Favouring outright sale of closed PSUs, Heavy Industries Minister Praful Patel today said the ailing Scooters India (SIL) could be considered for complete privatisation.
"There are a lot of companies under the ministry of Heavy Industries, like Scooters India, which needs to be looked at differently... Some disinvestment, some outright sale," Patel said on the sidelines of a AIMA event.
He said unless SIL gets fresh capital infusion, it cannot survive for long as it is not in a good financial position.
The government was earlier considering a joint venture with private sector for revival of SIL, which has piled up a loss of Rs 22.03 crore in the fiscal 2009-10.
Patel had earlier said that there was an "absolute" case for privatisation of the PSUs which have remained closed.
The government holds 95.38 per cent in SIL.
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Located near Lucknow, Scooters India is an integrated automobile plant, engaged in designing, developing, manufacturing and marketing a broad spectrum of conventional and non-conventional fuel driven 3-wheelers.