India is open to privatization of certain loss-making state-owned companies - Finance minister
Posted on: 06/Nov/2014 11:23:49 AM
Finance minister Arun Jaitley said on Wednesday that India is open to privatisation of certain loss-making state-owned companies. He has also promised promising more initiatives soon including reforms in the mineral sector along the lines of the recently announced coal block auction plans.
"Certainly I would be interested to look at some PSUs (which) could do much better in private hands," Jaitley told delegates at the India Economic Summit organised by the World Economic Forum and industry body Confederation of Indian Industry (CII) in the Capital.
The finance minister assured investors more reforms in the coming months, including plans to ease rules for industry to buy land to set up factories.
