Divestment drive: Govt looks to privatise PSUs in fertiliser sector

According to the PSE policy, 2021, the government will look at leaving non-strategic sectors, such as fertiliser, steel and tourism, by privatising or closing PSUs

The Centre may look at privatising public sector undertakings (PSUs) in the fertiliser sector. It could be the first non-strategic sector where the government may implement its new Public Sector Enterprises (PSE) Policy, 2021.

The central government is learnt to be considering Rashtriya Chemicals and Fertilizers, National Fertilisers, Fertilizers and Chemicals Travancore (FACT), Fertilizer Corporation of India, and other fertiliser PSUs for privatisation. The process of privatising fertiliser PSU Project & Development India (PDIL) is already underway, and the Centre has received a good response from interested parties.

The Committee of Group of Officers (CGO), chaired by the NITI Aayog