Budget 2021: Modi government eyes Rs 1.75 lakh crore from disinvestment
NEW DELHI: Keeping up with her promise of focusing on divestment, Finance Minister Nirmala Sitharaman has set an ambitious target of disinvestment receipts at Rs 1.75 lakh crore for the next fiscal year.
“In spite of the pandemic, we kept working towards strategic sale of BPCL, IDBI Bank, Air India, which will be completed in 2021-22,” Sitharaman said in her post-Budget media interaction.
The government has already invited the Expression of Interest for Air India, BPCL and Shipping Corporation of India, while it hopes to complete disinvestment of IDBI Bank, Neelanchal Ispat Nigam etc in 2021-22, apart from the mega IPO of the Life Insurance Corporation.
