The Government has given ‘in-principle’ approval for Privatisation of 24 CPSEs including Subsidiaries, Units and Joint Ventures with sale of majority stake and transfer of management control.

This was stated by Shri Anurag Singh Thakur, Minister of State for Finance < Corporate Affairs, in a written reply to a question in Lok Sabha today.

The Government follows a policy of strategic disinvestment of CPSEs, which are not in ‘priority sectors’. For this purpose, NITI Aayog has been mandated to identify such CPSEs based on the criteria of (i) National Security; (ii) Sovereign function at arm’s length, and (iii) Market Imperfections and Public Purpose.