Government Begins Aggressive Privatization of Central Public Sector Enterprises
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
The government began an aggressive exercise to privatize several Central Public Sector Enterprises (CPSEs) through strategic disinvestment and asset monetization on October 18, 2026. These 475 CPSEs collectively have a capital investment of Rs 37,12,393 crore and employ 7,81,552 persons, according to reports. The enterprises generate an annual net profit of Rs 3,08,674 crore.
From countercurrents.org
Why it matters
The government justifies the disinvestment as a way to raise additional fiscal resources, but reports suggest this justification may be fallacious. The President of India holds Rs 4,50,740 crore in equity in these CPSEs, which annually declare dividends of Rs 1,38,503 crore.
The move is part of broader reforms anchored on governance and accountability involving the government and state-owned enterprises.
From countercurrents.org
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Part of
Reforms anchored on governance and accountability involving government and state-owned enterprises.Also in this story
- Kumul Consolidated Holdings receives audited accounts from state-owned enterprises, which are then reported to the Prime Minister’s office.
- Investment banks are actively pursuing mandates from various sources, including state-owned enterprises, to enhance their prestige and secure long-term client relationships.
- The regime granted state-owned enterprises major operational autonomy.
- Government drives administrative reforms aimed at achieving economic growth.