Policy & Politics

100% Disinvestment Of Air India: Bids Invited From Shortlisted Parties Within 64 Days

By
OB Bureau

New Delhi: The Centre has decided on 100% disinvestment of national carrier Air India — it’s final, no more procrastinating. Those bidders which have been shortlisted will have to submit fresh bids within 64 days.

“We’ve decided that Air India will be 100% disinvested. Choice isn’t between disinvestment and non-disinvestment, it’s between disinvestment and closing down. Air India is a first-rate asset, but has an accumulated debt of Rs 60,000 cr. We need to draw the slate clean,” Civil Aviation Minister Hardeep Singh Puri was quoted as saying by ANI.

Puri further stated that this time the government will have no second thoughts.

“In the last meeting, it was decided that the shortlisted bidders (for Air India disinvestment) be informed that the bids have to come in within 64 days… This time the Government is determined and there is no hesitation,” Puri said.

Also Read: Deadline For Bidding Ends Today: Who Will Buy Air India?

OB Bureau

Recent Posts

When Quick Service Condom Delivery Left An Employee Red-Faced In Office!

New Delhi: As part of preparations for a trip to Nainital, a man ordered a pack…

November 22, 2024

Is Priyanka Chopra Hinting At ‘Citadel’ Crossover With Samantha & Varun?

New Delhi: Actress Priyanka Chopra’s recent Instagram post has sparked speculation about a possible crossover…

November 22, 2024

Odisha Pulmonologist Narayan Mishra Gets National Award

Berhampur: Renowned pulmonologist of Odisha Dr Narayan Mishra honoured with the prestigious ‘Indian Chest Society-Lifetime…

November 22, 2024

2 Missing After Indian Navy Submarine Collides With Fishing Vessel; Massive Search Operation Underway

Mumbai: Two crew members of a fishing vessel have been missing since it collided with…

November 22, 2024

[Watch] Jawans Dance & Celebrate After Eliminating 10 Maoists In Chhattisgarh

Raipur: In a major operation, security forces eliminated at least 10 Maoists in an encounter in…

November 22, 2024

SOA Hosts International Conference On Materials For Circular Economy & Technology In Bhubaneswar

Bhubaneswar: Experts from across India and abroad exchanged knowledge and ideas on latest developments in…

November 22, 2024

Why Likes Of Odisha BJP MLA Prakash Sethi Are Here To Stay

Cuttack Sadar MLA Prakash Sethi's English speech at Bali Jatra inauguration has gone Viral......the caption…

November 22, 2024

BJP-BJD War Of Words In Odisha Over Honouring Harekrushna Mahtab & Other Visionary Leaders

Bhubaneswar: A day after 125th birth anniversary celebration of Harekrushna Mahtab was inaugurated, a war…

November 22, 2024