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This Article is From Nov 05, 2014

Government Open to Privatisation of Loss-Making Firms: Arun Jaitley

Mr Jaitley also said the government will soon unveil reforms for other natural resources sectors along the lines of coal block auctions.

Government Open to Privatisation of Loss-Making Firms: Arun Jaitley

New Delhi: India is open to privatisation of certain loss-making public sector companies, Finance Minister Arun Jaitley said on Thursday.

"Certainly I would be interested to look at some PSUs (which) could do much better in private hands," Mr Jaitley said during an interaction at the World Economic Forum in New Delhi, referring to public sector undertakings.

Mr Jaitley also said the government will soon unveil reforms for other natural resources sectors along the lines of coal block auctions.

Copyright: Thomson Reuters 2014

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