Lack of response stopped Air India sale, says PM Narendra Modi

We don't want to make a sale where we will be accused of selling something for X amount when we could have got more, the PM added

On Air India's disinvestment, Prime Minister Narendra Modi has said his government doesn’t want to be accused of selling something cheaply.

In an interview to Swarajya magazine, Modi said he disagreed with the perception that his government had been half-hearted at divesting from public sector entities. He said it had undertaken “significant disinvestment”.

Modi said his government has pursued Air India’s divestment “with utmost sincerity”. “You have to differentiate between the lack of response to one sale offer and a policy decision,” he said.

Sale of the airline and several other loss-making public sector units was a “result of