Economic news

India to sell $81B Worth of State Assets over next 4Y - govt

NEW DELHI (Reuters) - India plans to sell 6 trillion rupees ($80.90 billion) worth of state-owned assets over the next four years under privatisation plans previously announced in the 2021/2022 budget to boost public finances, the head of a government think tank said on Monday.

The Indian government aims to sell off gas pipelines, roads, railway assets and warehousing facilities among a host of other assets, think tank NITI Aayog’s Chief Executive Amitabh Kant told a news conference.

Reporting by Aftab Ahmed; Editing by Susan Fenton

Source: Reuters


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