In line for consolidation, strategic sale: Several engineering, metals, chem cos

A privatization push from the central government is expected to see a number of state-owned companies in the engineering, metals & minerals and chemicals sectors being either consolidated by other PSUs or strategically sold to private sector companies, sources familiar with the discussions said. The government sees privatization and consolidation of state-owned companies in certain sectors where they are over represented as the second “generation reform” that is necessary to give a structural push to growth.

“This is part of the second generation reforms that has been launched. The change in Essential what jobs can you get with a computer science degree Act has come about after realization that imposition of stock limits does not have much of an impact and hence it is being significantly modified. Similarly on the agriculture side, we have continuing reforms in this direction through liberalization of the APMC (Agriculture Produce Market Committee) Act. Opening up of coal and mining sector, tariff reforms in the power sector are all moves that have to be seen in the larger context of privatization,” a senior government official told The Indian Express.