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Privatisation | When a crisis becomes an opportunity

The government’s decision to sell BPCL, SCI and Concor indicates it is no longer diffident about privatisation

November 21, 2019 / 01:50 PM IST
Privatisation | When a crisis becomes an opportunity

At last, the Modi government is living up to at least the ‘minimum government’ part of its ‘maximum governance, minimum government’ promise made more than five years ago. The cabinet has given its go-ahead to the sale of the government stake in three state-owned enterprises -- Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India Ltd (SCI) and Container Corporation of India Ltd (Concor) -- to private buyers. The government will also cede management control to the new owners. The Modi government had...

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