Disinvestment target may be raised to Rs 40,000 cr

February 13, 2013 17:27

Encouraged by the response of foreign investors to the PSU stake sale, the government is proposing to raise the disinvestment target to Rs 40,000 crore in the next financial year by selling equity in 20 companies.

"As per the discussion within the disinvestment department, initial estimate is that, next year's target will be somewhere around Rs 40,000 crore," official sources said.

So far this fiscal, the government has raised Rs 21,500 crore as against the target of Rs 30,000 crore. DoD Secretary Ravi Mathur has already said that government will try to raise Rs 27,000 crore this fiscal ending March.

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