Govt targets to conclude ongoing CPSE privatisation this fiscal

Notwithstanding the disruption to businesses caused by the second wave of COVID-19, the government is aiming to conclude privatisation of PSUs like Air India, BPCL and Shipping Corporation – where the divestment process has already started – this fiscal, sources said on Wednesday.

The worst outbreak of pandemic in the country has led to disrupting the timetable of scheduled activities such as physical due diligence because of travel restrictions.