Question : Committee for Strategic Disinvestment

(a) whether the Government has set up a high powered Committee to speed up strategic disinvestment of State-owned companies;
(b) if so, the details thereof along with the composition and the terms and reference of the Committee;
(c) the time by which the said Committee is likely to submit its report to the Union Government.
(d) whether the government has identified the State-owned companies for the purpose of strategic disinvestment and if so, the details thereof, company-wise, and
(e) the steps taken / being taken by the government to attract more entities to participate in strategic disinvestment process to generate more revenues?

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PON. RADHAKRISHNAN)

(a) No, Sir.

(b) & (c) Do not arise in view of (a) above.

(d) The Government has so far given ‘in-principle’ approval for the strategic disinvestment of 24 CPSEs, as per Annexure.

(e) Expression of Interest (EoI) and Preliminary Information Memorandum (PIM) with respect to CPSEs undergoing strategic disinvestment are printed in newspapers and uploaded on the official websites of the Administrative Ministry / Department, D/o Investment and Public Asset Management, the CPSEs concerned and the Transaction Advisor. Apart from this, the scope of work of Transaction Advisor includes, inter-alia, interaction with prospective buyers and encourage them to take part in the process of strategic disinvestment as per the terms of offer.

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Annexure
List of CPSEs for which Government has given ‘in-principle’ approval (Reference Lok Sabha Unstarred Question No. 152 for reply on 15/12/2017).
1) Scooters India Ltd.
2) Bridge & Roof India Ltd.
3) Project & Development India Ltd.
4) Pawan Hans Ltd.
5) Bharat Pumps Compressors Ltd.
6) Central Electronics Ltd.
7) Hindustan Prefab Ltd.
8) Bharat Earth Movers Ltd.
9) Hindustan Newsprint Ltd. (subsidiary)
10) Ferro Scrap Nigam Ltd.( subsidiary)
11) Hindustan Fluorocarbon Ltd. (subsidiary)
12) Cement Corporation of India Ltd.
13) Nagarnar Steel Plant of NMDC.
14) Bhadrawati, Salem and Durgapur units of SAIL.
15) HSCC (India) Ltd.
16) National Projects Construction Corporation. (NPCC)
17) Engineering Projects (India) Ltd.
18) Air India.
19) Dredging Corporation of India Ltd.
20) HLL Lifecare Ltd.
21) Indian Medicines & Pharmaceutical Corporation Ltd.
22) Karnataka Antibiotics and Pharmaceuticals Ltd.
23) Hindustan Petroleum Corporation Ltd.
24) Units / JVs of ITDC.