Modi government privatized 23 PSU's in 8 years

[bhaigan]

New Delhi: With a clear intent to make the PSU sector lean and thin, the Centre is working to complete the disinvestment of 23 PSUs, said Finance Minister Nirmala Sitharaman. While speaking to Hero Enterprise Chairman Sunil Kant Munjal, the minister said that as part of the Aatmanirbhar Bharat initiative, the government had announced opening up of all sectors for private participation. “The final call as to which are the sectors which are going to be called ‘strategic’ is not made yet, that has to be announced and I can’t preempt what announcement is likely to come,” she said.

“But in those sectors which we are going to be called strategic, the private will obviously be allowed to come in but the public sectors will be limited to a maximum of four units,” said Sitharaman.

 

According to an official statement released by the Ministry of Finance on December 3, 2019, the Cabinet had given its “in-principle” approval for the following 23 PSUs:

1.    Project & Development India Ltd.
2.    Hindustan Prefab Ltd. (HPL)
3.    Engineering Projects (India) Ltd
4.    Bridge & Roof Co. India Ltd
5.    Hindustan Newsprint Ltd. (Subsidiary)
6.    Scooters India Ltd
7.    Bharat Pumps and Compressors Ltd
8.    Cement Corporation of India Ltd
9.    Hindustan Fluorocarbon Ltd. (Subsidiary)
10.    Central Electronics Ltd
11.    Bharat Earth Movers Ltd (BEML)
12.    Ferro Scrap Nigam Ltd (subsidiary)
13.    Nagarnar Steel Plant of NMDC
14.    Alloy Steel Plant, Durgapur; Salem Steel Plant; Bhadrwati units of SAIL
15.    Pawan Hans Ltd
16.    Air India and its five subsidiaries and one JV
17.    HLL Lifecare
18.    Indian Medicines & Pharmaceutical Corporation Ltd (IMPCL)
19.    Kamarajar Port Limited (Disinvestment has been completed in March. Centre has sold its 74.49 percent stake to Chennai Port Trust for Rs 2,383 crore.)
20.    Indian Tourism Development Corporation (ITDC)
21.    Karnataka Antibiotics and Pharmaceuticals Ltd (Sources have told PSU Watch that KAPL may not be disinvested because the Centre wants to assign it the responsibility of being the sole manufacturer and distributor of Oxytocin in India, if the Supreme Court gives its approval.)
22.    Hindustan Antibiotics Ltd.
23.    Bengal Chemicals and Pharmaceuticals Ltd (BCPL)

[nuvvu_naakina_paalem]

Good

[nuvvu_naakina_paalem]

Invest in semi conductor now

[bhaigan]

2 minutes ago, nuvvu_naakina_paalem said:

Invest in semi conductor now

invest cheyadaniki asalu dabbulu unnaya central govt. daggara

[Android_Halwa]

Fcuk Modi Govt...ammidobbetodini teesukochi kurchi mida kusapedithe mukki muligi ammindi 23..

avi kuda anni loss making PSU's...took 4 years to sell Air India..

Vizag Steel aithe eda esina gongadi adane sachindi...chillara companies anni ammi emi elagapedtado sudale

BPCL....idi epudu ammutaro iga

[nuvvu_naakina_paalem]

3 minutes ago, Android_Halwa said:

Fcuk Modi Govt...ammidobbetodini teesukochi kurchi mida kusapedithe mukki muligi ammindi 23..

avi kuda anni loss making PSU's...took 4 years to sell Air India..

Vizag Steel aithe eda esina gongadi adane sachindi...chillara companies anni ammi emi elagapedtado sudale

Covering sarpoledhu, ap medha edupu kanapadipothundhi

[pakeer_saab]

13 minutes ago, bhaigan said:

New Delhi: With a clear intent to make the PSU sector lean and thin, the Centre is working to complete the disinvestment of 23 PSUs, said Finance Minister Nirmala Sitharaman. While speaking to Hero Enterprise Chairman Sunil Kant Munjal, the minister said that as part of the Aatmanirbhar Bharat initiative, the government had announced opening up of all sectors for private participation. “The final call as to which are the sectors which are going to be called ‘strategic’ is not made yet, that has to be announced and I can’t preempt what announcement is likely to come,” she said.

“But in those sectors which we are going to be called strategic, the private will obviously be allowed to come in but the public sectors will be limited to a maximum of four units,” said Sitharaman.

 

According to an official statement released by the Ministry of Finance on December 3, 2019, the Cabinet had given its “in-principle” approval for the following 23 PSUs:

1.    Project & Development India Ltd.
2.    Hindustan Prefab Ltd. (HPL)
3.    Engineering Projects (India) Ltd
4.    Bridge & Roof Co. India Ltd
5.    Hindustan Newsprint Ltd. (Subsidiary)
6.    Scooters India Ltd
7.    Bharat Pumps and Compressors Ltd
8.    Cement Corporation of India Ltd
9.    Hindustan Fluorocarbon Ltd. (Subsidiary)
10.    Central Electronics Ltd
11.    Bharat Earth Movers Ltd (BEML)
12.    Ferro Scrap Nigam Ltd (subsidiary)
13.    Nagarnar Steel Plant of NMDC
14.    Alloy Steel Plant, Durgapur; Salem Steel Plant; Bhadrwati units of SAIL
15.    Pawan Hans Ltd
16.    Air India and its five subsidiaries and one JV
17.    HLL Lifecare
18.    Indian Medicines & Pharmaceutical Corporation Ltd (IMPCL)
19.    Kamarajar Port Limited (Disinvestment has been completed in March. Centre has sold its 74.49 percent stake to Chennai Port Trust for Rs 2,383 crore.)
20.    Indian Tourism Development Corporation (ITDC)
21.    Karnataka Antibiotics and Pharmaceuticals Ltd (Sources have told PSU Watch that KAPL may not be disinvested because the Centre wants to assign it the responsibility of being the sole manufacturer and distributor of Oxytocin in India, if the Supreme Court gives its approval.)
22.    Hindustan Antibiotics Ltd.
23.    Bengal Chemicals and Pharmaceuticals Ltd (BCPL)

6.    Scooters India Ltd

em scooters manufacture chesaro cheptaava

all these PSU have bleeded india for far too long, Air India bleeded 1 lakh crores in the 3 yrs alone

Modi did a wonderful job making these employees do something else for living than living on tax payers

[pakeer_saab]

15 minutes ago, nuvvu_naakina_paalem said:

Invest in semi conductor now

when it comes to nation, Modi has his plans

India, Taiwan eyeing FTA, look at setting up semiconductor manufacturing hub - BusinessToday

[bhaigan]

12 minutes ago, Android_Halwa said:

Fcuk Modi Govt...ammidobbetodini teesukochi kurchi mida kusapedithe mukki muligi ammindi 23..

avi kuda anni loss making PSU's...took 4 years to sell Air India..

Vizag Steel aithe eda esina gongadi adane sachindi...chillara companies anni ammi emi elagapedtado sudale

ammi emi evelagapettadu ane 

poni unemployed youth ki jobs ichinda

chala southern states enno demands pettaru  poni aa states ki funds emanna ichada

ammi dobbi modi made adani and Ambani as monopolies in this country

[Ryzen_renoir]

I have criticized a lot of their financial policies but this is one of the most sensible steps taken by modi govt . 

He should continue divesting from more of them , socialism is a historical blunder.

Kamarajar port is not privitised , Chennai port trust is owned by govt itself

How much progress did india have when only govt institutions were allowed ?  Close to nothing 

How many of you use products from these companies ? 

How many of you had positive expierience with any govt employee ? 

I just hope they don't create monopolies when selling these 

 

[bhaigan]

Just now, Ryzen_renoir said:

I have criticized a lot of their financial policies but this is one of the most sensible steps taken by modi govt . 

He should continue divesting from more of them , socialism is a historical blunder.

Kamarajar port is not privitised , Chennai port trust is owned by govt itself

How much progress did india have when only govt institutions were allowed ?  Close to nothing 

How many of you use products from these companies ? 

How many of you had positive expierience with any govt employee ? 

I just hope they don't create monopolies when selling these 

 

mana country mixed economy bhayya

capitalist economy kadhu

[bhaigan]

1 minute ago, Ryzen_renoir said:

I have criticized a lot of their financial policies but this is one of the most sensible steps taken by modi govt . 

He should continue divesting from more of them , socialism is a historical blunder.

Kamarajar port is not privitised , Chennai port trust is owned by govt itself

How much progress did india have when only govt institutions were allowed ?  Close to nothing 

How many of you use products from these companies ? 

How many of you had positive expierience with any govt employee ? 

I just hope they don't create monopolies when selling these 

 

That statement was given by Indian finance minister only

[bhaigan]

2 minutes ago, Ryzen_renoir said:

I have criticized a lot of their financial policies but this is one of the most sensible steps taken by modi govt . 

He should continue divesting from more of them , socialism is a historical blunder.

Kamarajar port is not privitised , Chennai port trust is owned by govt itself

How much progress did india have when only govt institutions were allowed ?  Close to nothing 

How many of you use products from these companies ? 

How many of you had positive expierience with any govt employee ? 

I just hope they don't create monopolies when selling these 

 

Indian GDP went to 10% when manmohan sigh was PM after world wide 2008 recession, he created more PSU's during his tenure. how many PSU's did modi created ?

 

[Ryzen_renoir]

4 minutes ago, bhaigan said:

mana country mixed economy bhayya

capitalist economy kadhu

Nonsense man , my father said how times were under socialist utopia of congress 

For cement you had to apply for months in advance and you get a limited quantity only .

For telephone it used to take 1 year to get connections 

For cars , after paying full amount in advance it used to take 2-4 years to get an ambassador 

For tractor it used  to take 2 to 5 years and bribes. My grandfather bought a Soviet tractor 50 years by paying bribes in collector office. It was hot garbage but such is life under socialism 

Mixed economy only works when govt employees work with resolution like china , it doesn't work in a democracy.

India has failed 50 years trying the same garbage socialist policies , it's time to bury them.

I am shocked that educated people are in support of more government owned enterprises and increasing government employees these days . I guess most people don't know the dark days of socialism 

[Ryzen_renoir]

7 minutes ago, bhaigan said:

Indian GDP went to 10% when manmohan sigh was PM after world wide 2008 recession, he created more PSU's during his tenure. how many PSU's did modi created ?

 

Manmohan singh was clever , he created PSU's but massively reduced govt employees.  Thus removing burden , but not just on paper 

UPA was much more capitalist than people give credit for , they signed so many FTA's and did more divestment than NDA (taking inflation into account). 

UPA1 had stellar economic performance