Centre looks to build divestment capacity in govt departments, PSUs

DIPAM calls for in-house capabilities for analysis and decisions regarding divestment-related measures

The Centre is looking to build institutional capacity for privatisation among various government departments and public sector undertakings (PSUs) to give a fillip to the New Public Enterprises (PSE) policy, 2021.

The Department of Investment and Public Asset Management (DIPAM) is prodding ministries to develop in-house capabilities for conducting analysis and decision-making for divestment-related measures, said an official.

This comes even as fears over undertaking privatisation proposals remain, especially due to litigation, within government departments and PSUs as many such decisions have been challenged in courts by employees, activists, among others.

Recently, the privatisation of Central Electronics and Pawan