Question : DISINVESTMENT OF PSUS

(a) whether it is a fact that to galvanise the disinvestment process, the Cabinet Committee on Disinvestment (CCD) has decided that the time table circulated to all Ministries be strictly adhered to :

(b) it so, the details thereof:

(c) whether it is also a fact that the administrative ministries under whose jurisdiction these PSUs fall, would sort out issues adhering to the timeframe;

(d) if so, the details in this regard;

(e) since decided to park such PSUs with the finance Ministry delinking them from the nodal Ministry and the departments; and

(f) if so, the reasons therefor?

MINISTER OF DISINVESTMENT AND MINISTER OF DEVELOPMENT OF NORTH EASTERN REGION (SHRI ARUN SHOURIE)

(a) & (b) The ongoing process of disinvestment in 10 public sector undertakings and the process of divestment of Government`s equity in Maruti Udyog Limited (MUL),which is a non-Government company are on a tight time line. The companies concerned are Bharat Heavy Plates and Vessels Limited (subsidiary of Bharat Yantra Nigam Limited); Hindustan Zinc Limited; Hotel Corporation of India Limited (subsidiary of Air India); IBP Co. Limited; Indian Petrochemicals Corporation Limited; India Tourism Development Corporation Limited; Instrumentation Controls & Valves Limited (subsidiary of Instrumentation Limited); Jessop & Company Limited (subsidiary of Bharat Bhari Udyog Nigam Limited); NEPA Limited; Videsh Sanchar Nigam Limited and Maruti Udyog Limited. The divestment through strategic sale in 2 other PSUs viz. CMC Limited and HTL Limited has been completed in October 2001.


(c) & (d) The process of disinvestment in Central PSUs is carried forward through Inter Ministerial consultations, particularly with the Administrative Ministries concerned with the public sector undertaking in question.

(e) No, Sir.

(f) Does not arise.