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Modi 2.0: Finance Ministry may have bigger say in disinvestment

Failure to sell Air India, IDBI may have prompted a change in strategy

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Though the government managed to exceed its disinvestment target in 2018-19 — earning ~85,000 crore even as the target was ~80,000 crore — through 28 transactions, there has hardly been any change in the manner in which these companies are run

Anjuli Bhargava New Delhi

4 min read Last Updated : Jun 12 2019 | 1:05 AM IST

The Narendra Modi-led government is planning a change in the strategy for strategic disinvestments.

The proposal is to let the Department of Investment and Public Asset Management (DIPAM) in the finance ministry play a key role in designing and leading the transactions instead of the administrative ministry concerned.

The change is being considered as in its first term the National Democratic Alliance government had been less than successful in strategic sale of public sector units (PSUs) — be it Air India or IDBI Bank.

Senior government sources said this could help the government push strategic disinvestment.

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