SME Times News Bureau | 19 Nov, 2019
Making forward movement on Air India disinvestment, the government is
meeting potential investors to sell off almost its entire equity stake
in the national carrier.
"Currently, the investor outreach
programme is on. Air India CMD, Aviation Secretary and other concerned
officials are meeting potential bidders," Civil Aviation Minister
Hardeep Singh Puri told IANS.
The minister said the first meeting of the Group of Ministers (GoM) has met earlier and taken some decisions.
He hinted that disinvestment exercise was very much on course and can happen soon.
Asked
if there were still hurdles such as FDI rules in the way of Air India
disinvestment, the Minister said he was not aware of any.
The
government has decided to almost completely exit the airline saying the
financial support being provided to the airline could be put to better
use such as building social infrastructure.
This will be the
second attempt by the Modi government to disinvest Air India as it
failed to get any bid from private parties during the initial stake sale
process last year.
