Cabinet approved the new mechanism to speed up strategic disinvestment
August 18 , 2017 2655 days 1480 0
To accelerate strategic disinvestments in central public sector enterprises (CPSEs)
The Cabinet Committee on Economic Affairs has recently approved the proposal of setting up a Ministerial Group to decide on the details of strategic disinvestment of Public sector firms.
The proposal was given by the Department of Investment and Public Asset Management (DIPAM).
The empowered ministerial group is led by Finance Minister and members include Minister for Road Transport, Minister of Administrative Department.
The approval will help in speedy completion of strategic disinvestment transactions.