Vedanta's Anil Agarwal says corporatising PSUs more rewarding than privatisation
The government failed to mop up the budgeted privatisation targets and the worst shortfall was in FY22. It could only end up getting not even a fourth of the budgeted estimates of ₹1.75 lakh crore for FY22 - as they failed to get their largest divestment plan - LIC listed through an IPO.
Anil Agarwal, chairman of Vedanta Group believes that the Indian government can earn more money through divestment of equity shares and incremental profit if they choose to corporatise its companies instead of privatising them. Agarwal was talking at the Times Group's India Economic Conclave on Thursday.