Business Today

‘Employees, bidding universe big challenges to divestment’

THE GOVERNMENT has been on a mission to raise revenues by divesting its stakes in public sector enterprises. The man in the centre of all the action is Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM). Pandey says that for DIPAM, capacity building is a priority as it doesn’t have too much institutional memory of privatisation. And while the Bharat Petroleum Corp. (BPCL) divestment has been put on the back-burner, there is a steady pipeline going forward. In a chat with , he talks about the challenges on the disinvestment path

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