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Economic Survey 2020: Privatised CPSEs reported better profit, sales after transition; aggressive disinvestment promotes efficiency
FirstpostIt observes that the focus of the strategic disinvestment needs to be to exit from non-strategic business and directed towards optimising economic potential of these CPSEs. New Delhi: Most privatised CPSE witnessed improvement in net worth, profit, gross revenue and sales growth after the transition, the Economic Survey has said. Aggressive disinvestment, preferably through the route of strategic sale, should be utilised to bring in higher profitability, promote efficiency, increase competitiveness and to promote professionalism in management in CPSEs, the survey advocates. To examine the efficiency gains from privatisation and whether the purported benefits of privatisation have indeed manifested in the Indian context, the survey analyses the before-after performance of 11 CPSEs that had undergone strategic disinvestment from 1999-2000 to 2003-04, it said.
History of this topic
Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25
Live MintThe Hindu Explains | How will the new disinvestment policy oversee future of public sector enterprises?
The Hindu)
Union Budget 2021: Centre likely to unveil blueprint for new privatisation policy
Firstpost)
20 Central Enterprises and Units in Pipeline for Strategic Sale, Says Anurag Thakur
News 18
Successful disinvestment of BPCL, CONCOR to lay path for ambitious stake sales in future: Garg
Live Mint
Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprises
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