India's privatisation minister, Arun Shourie, said on Wednesday the government was confident of meeting its target of raising 145 billion rupees ($3.2 billion) this financial year through stake sales in state-run companies.
India has lined up a slew of big ticket equity sales in March in several state-owned companies such as Oil and Natural Gas Corp and GAIL India Ltd - both leading and profitable energy firms.
There are also public offers for residual stake sales in former state-run firms, such as Indian Petrochemicals Corp Ltd, in which the government had shed management control, but still held shares.
"We will follow the timetable strictly. All the issues are on track," Shourie told reporters, after a meeting with financial advisers and the chairman of the market regulator, the Securities and Exchange Board of India.
"Right now, everybody is confident we will achieve the target. There is no doubt about it."
Comments
Comments are closed.