New PSE policy a 1991 moment: DIPAM Secy | Economic Times

Terming the new Public Sector Enterprise policy as the ‘1991 moment’ for the public sector, the department of investment and public asset management (DIPAM) secretary Tuhin Kanta Pandey said the change in ownership control will bring real operational efficiency in state-owned units.The government is finalising ₹6 lakh crore worth of infrastructure assets for monetisation, he said, adding that expression of interest (EoI) for Container Corporation of India will be issued soon after the railways finalises the land leasing policy and strategic disinvestment of Bharat Petroleum Corporation, Air India, Shipping Corporation of India, BEML and Neelachal Ispat Nigam is expected to be completed within FY22. The PSE policy underscores the same approach of not letting the government be in business, he said, adding that it was a matter of time before it exited from most public sectors. “The disinvestment agenda has been put on fast track, through the unveiling of the new PSE policy, notified on 4 February 2021, which is expected to be an important policy for the next five years and will result in increase in privatisation in the economy,” he said at the CII annual session.