(a) whether the Government is committed to disinvest the PSUs to make them more efficient and able to face the global competition; and
(b) if so, the details thereof and the number of PSUs which are likely to be disinvested, the extent to which the disinvestment is proposed to be made and the response of the private companies in this regard?
MINISTER OF STATE OF THE MINISTRY OF INFORMATION AND BROADCASTING AND MINISTER OF STATE OF THE DEPARTMENT OF DISINVESTMENT (SHRI ARUN JAITELY)
(a) Yes, Sir.
(b) Disinvestment in PSUs is to be done as per the declare policy of the government for disinvesting in the generality of cases up to 74% or more equity is non-strategic PSUs. Disinvestment is carried out keeping in view various factors like market condition, financial performance the company, views of the concern departments and the advise of the professional consultants. The nature and extent of disinvestment depends of this factors. The response of the private sector will be Known when the bids for strategic sale of PSUs are called.