India to ditch privatisation plans, pour billions in state-run firms, sources say 

India to ditch privatisation plans, pour billions in state-run firms, sources say 

Indian Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government sources and a document reviewed by Reuters.  

Less than a month into 2025, New Delhi has plans to invest about $1.5 billion in financial rescue packages for two state-owned firms after failing to sell them to private companies. 

Why it matters

In 2021, Modi’s government had outlined ambitious plans to reduce the role of government in business and laid out large scale disinvestment while keeping a minimal presence in strategic sectors. Four years later, it has had little success and is instead moving back towards recapitalising some state-owned firms. 

The post India to ditch privatisation plans, pour billions in state-run firms, sources say  appeared first on Reuters Best.

Source link

info@fzeetechz.com Avatar

Leave a Reply

Your email address will not be published. Required fields are marked *

No comments to show.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

[contact-form-7 id=”82dec49″ title=”Newsletter”]

By signing up, you agree to the our terms and our Privacy Policy agreement.