Govt Raises Rs.165.07 Bn from PSUs Disinvestment in FY24

05 Apr 2024 CW Team

The Indian government has garnered a total of Rs.165.07 billion through disinvestment in public sector enterprises during the fiscal year 2023-24. This substantial revenue from stake sales in PSUs reflects the government's efforts to unlock value from its investments and strengthen the country's fiscal position.

The disinvestment proceeds were generated through the sale of government stakes in various public sector enterprises across different sectors. These transactions aimed to promote efficiency, transparency, and accountability in PSU operations while also attracting private sector participation and investment.

The successful disinvestment initiatives undertaken by the government in FY24 signify its commitment to reforms and privatisation efforts aimed at enhancing the efficiency and competitiveness of public sector enterprises. By divesting stakes in PSUs, the government seeks to streamline operations, improve governance, and unlock value for stakeholders.

The revenue generated from PSU disinvestment in FY24 will contribute to the government's fiscal consolidation efforts and support various developmental initiatives across sectors. It provides additional resources for infrastructure development, social welfare programs, and other priority areas crucial for India's economic growth and development.

As the government continues to pursue its disinvestment agenda, stakeholders anticipate further divestment activities in the coming years. These initiatives are expected to drive economic growth, attract investment, and create opportunities for private sector participation in key sectors of the economy.

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