Centre's divestment target for FY20 to likely be around Rs 80,000 crore

The much-anticipated sale of Air India, and its subsidiaries, in this fiscal did not attract a single bid

The disinvestment target for 2019-20 (FY20) is likely to be around Rs 80,000 crore, the same as that of 2018-19 (FY19), said sources in the government.
The Department of Investment and Public Asset Management (Dipam) hopes for a successful go at privatising Air India. It also hopes to divest more India Tourism Development Corporation (ITDC) hotel properties, including leasing out of Hotel Ashok in New Delhi.

Officials, however, are confident of meeting this year's disinvestment target.

That apart, the government is counting on a number of initial public offerings (IPOs), and further tranches of its two exchange-traded funds (ETFs). The