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Home / India News / Lobby advocating for privatisation of PSUs, alleges Power minister RK Singh

Lobby advocating for privatisation of PSUs, alleges Power minister RK Singh

The NDA government hopes to raise around Rs 2.1 lakh crore in fiscal 2020-21 by divesting all or part of its stakes in some state-owned companies. It has already started the process of selling its entire stake in Air India after an earlier effort to sell a majority stake in the state-owned airline failed.

india Updated: Feb 14, 2020 04:43 IST
Ritesh Mishra
Ritesh Mishra
Hindustan Times, Raipur
Union power minister RK Singh on Thursday alleged that  a lobby continuously campaigned against public sector units ( PSUs).
Union power minister RK Singh on Thursday alleged that a lobby continuously campaigned against public sector units ( PSUs).(HT File Photo )

Union power minister RK Singh on Thursday alleged that a lobby continuously campaigned against public sector units ( PSUs) and advocated their privatisation. Singh started off by taking aim at the power sector -- he was speaking at the inaugural session of the National Thermal Power Corporation’s (NTPC) Indian Power Station (IPS) 2020 conference in Raipur -- but he soon expanded the scope of his remarks.

On Air India, for instance, he said that while he would not speak about its proposed privatisation, he largely encounters state-owned airlines when he travels overseas.

The NDA government hopes to raise around Rs 2.1 lakh crore in fiscal 2020-21 by divesting all or part of its stakes in some state-owned companies. It has already started the process of selling its entire stake in Air India after an earlier effort to sell a majority stake in the state-owned airline failed. Much of the Singh’s talk was focused on the pioneering role the public sector played in building India’s industrial base , however, he lashed out at what he termed the lobby that keeps “speaking out against PSUs”.

Senior Congress leader and spokesperson RP Singh said : “ His government is privatising everything...”.