Finance Minister Nirmala Sitharaman Said About Disinvestment Policy Of Government In Raisina Dialogue | The government’s policy is not to rush to sell everything, where presence is not necessary, it will not be there.

Where the government does not want to be present, it will not remain – Finance Minister

The Finance Minister said, ‘Government’s policy is not to rush to sell everything… Nor does it mean that the government will start producing everything from needles to crops. Where the government does not want to be present, it will not remain there. But where there will be a need to be present in view of strategic interests, it will remain in areas like telecom. Explaining the importance of minimal government presence in these areas, the Finance Minister said, “There will be a government-owned telecom company and it will be professionally run.”

He said, “The institutes which are capable of operating on their own, it is a different matter. But if there is any possibility in a very small company, then we will try to make a bigger unit by merging them so that they can operate on their own.”

Finance Minister Nirmala Sitharaman had announced in the budget speech that the government would raise Rs 51,000 crore by selling stake in various government companies in the financial year 2023-24. This target is slightly higher than the current financial year ending on March 31, 2023.

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