Government is expected to go ahead with the strategic divestment in public sector units (PSUs) within the next six months besides closing down sick firms that are beyond revival, NITI Aayog Vice Chairman Arvind Panagariya said
From the sidelines of the CNBC-TV18 India Risk Management Awards, Shereen Bhan caught up with the Vice Chairman of NITI Aayog, Arvind Panagariya and discussed the governments plan for strategic divestments this year and the reforms that are needed in various sectors.
The company undertook a strategic divestment during the quarter under review and the proceeds from the sale were used for debt repayment, which in turn helped in reducing financing cost, says Ashok Goel of Essel Propack