KOLKATA, Nov 10:The Shipping Ministry is not
opposed to strategic divestment of the Shipping Corporation of
India (SCI), a top official said.
The Shipping Ministry in 2017 had opposed the proposal
of the strategic divestment of SCI, but has now agreed to the
proposal of the group of secretaries for dilution of stake in
the SCI, the official said.
A group of secretaries had recently approved the
strategic sale of Shipping Corporation of India along with a
few other PSUs.
“We had not opposed the strategic sale of SCI,”
Union Shipping Secretary Gopal Krishna told PTI when asked
about its stand on the proposal of the group of secretaries.
“The matter is now with the Cabinet,” Krishna said.
The government currently holds 63.75 per cent stake in
the Shipping Corporation of India, the national flag carrier.
The Union Cabinet in October had approved the new
policy under which the Department of Investment and Public
Asset Management (DIPAM) under the Ministry of Finance has
been made the nodal department for the strategic stake sale.
(PTI)
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