The Union government is confident of meeting the Rs 54,000 crore disinvestment target for 2013-14, the government said on September 23. The government has set a target of Rs 40,000 crore for its stake sale in public sector units (PSUs) and Rs 14,000 crore from selling its shares in private companies.
The Centre has two kinds of disinvestment. One is disinvestment of government shares in PSUs and other is disinvestment of government shares in private companies, Department of Economic Affairs (DEA) Secretary Arvind Mayaram said.
Till now, the government has raised only Rs 1,325 crore by divesting stake in entities-Neyveli Lignite Corporation (NLC), State Trading Corporation (STC), MMTC, and ITDC, all public sector undertakings.