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Apr 05, 2010, 09.15 AM IST
Here's how a crucial domestic institutional investor, UK Sinha, Chairman, UTI Asset Management sees the government’s strategy on disinvestment and gave his thoughts on the markets as the new fiscal kicks off.
 Fiscal year 2010-11 has begun today. It's a year where the government has set a disinvestment target of Rs 40,000 crore. For FY10, the government fell just short of its target of Rs 25,000 crore. Has the government got its disinvestment strategy right and if not, what does it need to change?On the other hand, it was an outstanding fiscal year - 2009-10 - for the Indian equity markets. The benchmark Sensex rallied 80% and the Nifty surged 74%. FIIs came back in droves, pumping in close to USD 23 billion in India's cash market. India, in fact, was the second best performing equity market globally, next only to Russia in this fiscal. What can be expected from equities markets in 2009? UK Sinha, Chairman, UTI Asset Management, the erstwhile joint secretary in the finance ministry and the CMD of India's leading mutual fund UTI AMC, spoke about the government’s strategy on disinvestment and gave his thoughts on the markets as the new fiscal kicks off. Here is a verbatim transcript of his exclusive interview on CNBC-TV18. Also watch the accompanying video. Q: Did you participate in the disinvestment process and much of it that came through in the last 4-5 months in terms of some of the follow on issues that came up? A: Yes we did.
Tags: UK Sinha, UTI Asset Management
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