Lok Sabha Question No. 2029 (UNSTARRED), answered on 2020-03-03
Subject: Privatisation of PSUs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: Rajveer Diler, Anurag Sharma

## GOVERNMENT OF INDIA

## MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA

## UNSTARRED QUESTION No. 2029

## TO BE ANSWERED ON 03.03.2020

## Privatisation of PSUs

## 2029. SHRI RAJVEER DILER: SHRI ANURAG SHARMA:

Will the Minister of HEAVY INDUSTRIES & PUBLIC ENTERPRISES be pleased to state:

- (a) the details and the names  of the Public Sector Undertakings  (PSUs)  proposed for privatization in Uttar Pradesh (UP);
- (b) whether the assessment of economic and social losses due to privatization of PSUs has been made; and
- (c) if so, the findings of the assessment, if any, made along with details thereof?

## ANSWER

## THE MINISTER OF HEAVY INDUSTRIES & PUBLIC ENTERPRISES

## (SHRI PRAKASH JAVADEKAR)

- (a)  The Department of Investment and Public Asset Management (DIPAM), Ministry of Finance is the  nodal  Department  for  disinvestment  and  privatization  of  Central  Public  Sector  Enterprises (CPSEs).  As  per  the  information  furnished  by  DIPAM,  Government  has  given  'in-principle' approval for strategic disinvestment of 34 CPSEs, including subsidiaries, Units and Joint Ventures with  sale  of  majority  stake  of  Government  of  India  and  transfer  of  management  control.  Out  of which, 6 CPSEs are having Registered Office/Corporate Office in the State of Uttar Pradesh. Details of which are given in Annex.
- (b) & (c): DIPAM has further informed that NITI Aayog has been mandated to identify CPSEs for strategic disinvestment.  For this purpose, NITI Aayog has classified CPSEs into 'priority' and 'nonpriority' sectors, based on criteria of (i) National Security; (ii) Sovereign function at arm's length; and (iii) Market Imperfections and Public Purpose. CPSEs in 'non-priority' sectors are recommended for  strategic  disinvestment.  DIPAM  has  also  stated  that  it  is  expected  that  on  privatization,  the strategic buyer will bring in funds/technology/new management etc. for the optimum development of business potential of the CPSE. The growth of CPSE, post disinvestment, would be able to generate higher  economic activity in the region which will create new job opportunities and growth of the ancillary industries and contribute to the economic growth of the country.

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## Annexure referred to in part (a) of reply to Lok Sabha Unstarred Question No.2029 due for answer on 03.03.2020.

|   Sl. No. | Name of CPSE                       | Registered Office/ Corporate Office (CO) situated in the State of Uttar Pradesh   | Date of CCEA approval   |
|-----------|------------------------------------|-----------------------------------------------------------------------------------|-------------------------|
|         1 | Hospital Services Consultancy Ltd. | Noida (CO)                                                                        | 27.10.2016              |
|         2 | Project &Development India Ltd.    | Noida                                                                             | 27.10.2016              |
|         3 | Scooters India Limited             | Lucknow                                                                           | 27.10.2016              |
|         4 | Bharat Pumps &Compressors Ltd      | Allahabad                                                                         | 27.10.2016              |
|         5 | Central Electronics Ltd            | Sahibabad (CO)                                                                    | 27.10.2016              |
|         6 | Pawan Hans Ltd.                    | Noida (CO)                                                                        | 27.10.2016              |