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INDIA TO MOP UP US$1.4 BLN FROM PRIVATISATION IN CURRENT FISCAL YEAR.
AsiaPulse News, February, 2002
NEW DELHI, Feb 6 Asia Pulse - Riding high on the success of the IBP and Videsh Sanchar Nigam Ltd (VSNL) privatisation, the Indian government is likely to mop up at least Rs 70 billion (US$1.4 billion) from disinvestment of various public sector undertakings (PSUs) in the current fiscal year.
The government has already been successful in garnering about Rs 54.75 billion from the sale of 6 companies, including some properties of the Hotel Corporation of India (HCI) and the Indian Tourism Development Corporation (ITDC), as well as the amount mopped up through a special dividend in the privatisation of telco giant VSNL.
"We would now take up other PSUs, which are slated for disinvestment in the current fiscal year including Indian Petrochemicals Corporation Ltd...
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