Government to keep 65 pct stake in banks, airport operators
In this article (4)
The government will retain minimum ownership of 65 percent in state-owned banks and airport operators that privatize from now through 2025.
It will keep a similar rate in large mining companies.
The rates will be 50-65 percent in airlines and water utilities, basic chemical production and fuel importing companies.
But companies that have a bearing on national security, such as landmine producers and map makers, will not be privatized.
Others, where it will continue to own 100 percent, are power transmission and national grid management, currency printing and gold bullion production.
Questions & Answers
Q.Which specific industries will see the government maintain a 100% ownership stake?
Which specific industries will see the government maintain a 100% ownership stake?
The government will continue to own 100 percent of power transmission and national grid management, as well as currency printing and gold bullion production. These critical sectors are not included in any privatization plans mentioned.
Q.What is the government's minimum ownership target for airlines and water utilities?
What is the government's minimum ownership target for airlines and water utilities?
For airlines, water utilities, basic chemical production, and fuel importing companies, the government aims to keep a minimum ownership rate of 50-65 percent. This is a lower threshold than for banks or airport operators.
Q.Are there any companies crucial for national security that will avoid privatization?
Are there any companies crucial for national security that will avoid privatization?
Yes, companies that directly impact national security, such as landmine producers and map makers, will not be privatized at all. The government will maintain full control over these entities.
Reader pulse
Does this policy encourage private investment?
24,459 votes so far