Paradigm shift as PSU sale put on ice

IN a marked departure from its aggressive privatisation pitch in the past, the Narendra Modiled government seems to have quietly put the disinvestment drive on the back burner.

- DIPAK MONDAL

Confirming this paradigm shift, top government sources told this newspaper that privatisation of public sector companies is no longer a priority for the Centre. The new line of thinking is that there is great value to be unlocked in some of the State-owned entities on the block, and that it makes more sense in holding on to such enterprises and making them profitable than giving them away at low prices.