01 November, 2020

The Sale Storm

Coalition constraints, policy flip-flops and self-serving politicians land DoD's plans in a muddle

illustraion bu Jayachandran
The Sale Storm

Privatisation Pointers

  • CCD expected to decide on disqualification norms on July 4
  • Valuation of CMC, VSNL, IBP and Jessop nearly finalised
  • DoD mulling over IPOs for PSUs
  • DoD willing to go ahead with single-bidder cases

India's disinvestment story never seems to go beyond the first few chapters. Every time there's some movement forward, a new spanner is inevitably poked into the works. A fractious ruling coalition, an irresponsible opposition, self-serving politicians, confused thinking and constant policy flip-flops have kept the disinvestment issue a muddle of survival strategies, pipe dreams, missed targets, political turmoil and uncertainty. As investors openly begin to express their dissatisfaction, and some have even started walking out, the macro picture is turning bleaker by the day. The question on everybody's mind is whether anyone except the Department of Disinvestment (DoD) is really interested in taking the process to its logical...



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