SCI Divestment Plan Sinks As Baalu Rules Out Privatisation
Our Infrastructure Bureau
NEW DELHI, MAY 26: It is curtains down on disinvestment of Shipping Corporation of India (SCI). In his first interaction with media after taking over as Union minister of shipping, road transport and highways, DMK leader TR Baalu ruled out SCI privatisation by declaring: "It is not necessary to privatise SCI...I am not mad."
The National Democratic Alliance (NDA) government had lately developed cold feet on SCI disinvestment after the 51 per cent of equity of the company was offered to a strategic partner twice
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