Privatisation may affect SCI's decision-making powers, shipping market

In April 2003, the Cabinet Committee on Disinvestment had decided to suspend any divestment in SCI.

The central government’s plan to privatise Shipping Corporation of India (SCI), after years of uncertainty in this regard, could, if coupled with no or delayed corporate action on the ground, affect the business in the long run, say many in the sector.
 
“Once the divestment news was out, virtually all decisions in the company came to a standstill. To top it all, long-term contract customers are having a rethink and the business situation will eventually becomes chaotic,” a former chairman of SCI told Business Standard on condition of anonymity.
 
In April 2003, the Cabinet Committee on Disinvestment had