Govt heading towards second stage of Air India disinvestment process: Official
The first process of proposed strategic disinvestment of Air India has been completed and the Union Civil Ministry is heading towards the second process that will begin with the announcement of names of qualified bidders on January 5, 2021, an official said on Tuesday.
Pradeep Singh Kharola, Secretary, Civil Aviation Ministry while addressing a press conference said the two processes of the strategic disinvestment of Air India include — submission of ‘Expression of Interest’, which was completed on December 14 and the second process ‘Request for Proposal’.
“The strategic disinvestment of Air India is a transparent two-step process. The first process is the submission of ‘Expression of Interest’, which is bidders showing interest in Air India. It is a confidential process and as of now, multiple ‘Expression of Interest’ have been received. Their scrutiny process is going on. It will be completed by January 5 and we will have eligible bidders,” Kharola said.
