Sick PSUs closure have gone 'very well': Panagariya
Outgoing Niti Aayog Vice Chairman Arvind Panagariya has said the closure of 18-20 sick public sector units (PSUs) have gone "very well", even as he made a case for expediting privatisation of loss making state-owned companies.
The Prime Minister's Office (PMO) had asked government think-tank Niti Aayog to look into viability of sick state-run companies.
"Closure of 18-20 sick PSUs have gone very well actually.
And 17 loss-making PSUs are cleared for privatisation by the cabinet. Unfortunately, progress on those have been slow.
"But it is happening in many cases, transaction advisers have been appointed. So even (in the case of) PSUs that were identified for strategic disinvestment, (progress) is happening, only thing is that it is slower," Panagariya told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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