Coronavirus pandemic puts brakes on Air India stake sale
NEW DELHI: Restrictions on international travel due to the Covid-19 pandemic have put the brakes on the strategic disinvestment of CPSEs like Air India, said DIPAM Secretary Tuhin Kanta Pandey on Wednesday, but added that was a priority for the government to conclude it.
“Normally strategic disinvestment takes 8-9 months…. To a lot of extent, Covid has put a brake on this because international travel has virtually stopped. To some extent, we have to grant extension to some of the EoIs that we have issued. It is not that the investors are not engaged, but they want more time. Because one thing which is not open yet is international travel,” he said.
