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Govt puts privatisation plans of 9 state-run firms on hold
Financial Express Ahmedabad
|January 28, 2025
On The Back Burner
THE GOVERNMENT IS pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government sources and a document reviewed by Reuters.
Less than a month into 2025, the government has plans to invest about $1.5 billion in financial rescue packages for two state-owned firms after failing to sell them to private companies.
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