Modi government, preparing for handing over these 26 companies to private hands

Priya Yadav,

There is a lot of news about privatization from Bharat Petroleum Corporation Limited to Air India, but in response to an RTI, it has been revealed that the government is in the process of privatizing a total of 26 companies. These companies range from Pawan Hans Limited to Hindustan Aeronautics Limited. Finance Minister Nirmala Sitharaman had also announced the privatization of 23 PSUs in the past, but the privatization of 26 companies has been revealed in RTI. Among the companies that the government is going to privatize, there are many such companies in which the government’s stake has now reduced drastically.

Among the companies that the government is going to privatize are Air India, Central Electronics Limited, Engineering Projects India Limited, Pawan Hans, B&R, Project and Development India Limited, Cement Corporation India Limited, Indian Medicine and Pharmaceuticals, Salem India Plant, Ferro Scrap Corporation Includes companies like Limited. Not only this, but the government is also going to privatize the Nagannar Steel Plant in Chhattisgarh. Explain that recently, Chhattisgarh CM Bhupesh Baghel wrote a letter to PM Narendra Modi against the privatization of this plant. He said that the tribal society has high hopes from it and privatization of it will give a boost.

Apart from these, Bharat Earthmovers Limited, HLL Lifecare, Bharat Petroleum, Shipping Corporation, Container Corporation of India, Nilanchal Ispat Limited, Hindustan Prefab Limited are also in the privatization list. Not only this, Bharat Pumps and Compressor Limited, Scooters India, Hindustan Newsprint, Karnataka Entrybiotics, Hindustan Antibiotics, India Tourism Development Corporation, and Hindustan Fluorocarbon Limited.

In this RTI, it was also asked about the selling stake of the privatized companies and privatization of UCO Bank. On this, the government has responded that the decision of how much stake of these companies will be sold will be according to the market. The government did not respond to UCO Bank. Let us tell you that the target of disinvestment has been set by the Central Government in the budget this year is Rs 2.1 lakh crore. Apart from selling stake in LIC, the government has started the privatization process in BPCL and Air India.

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