12-16-2018, 09:58 AM
GENESIS AND RATIONALE FOR DISINVESTMENT IN INDIA.
In lndia for almost four decades the country was pursuing a path of development in which public sector was expected to be the engine of growth. However, the public sector gad overgrown itself and their shortcomings started manifesting in the shape of low capacity utilization and low efficiency due to over manning and poor work ethics, over capitalisation due to substantial time and cost overruns, inability to innovate, take quick and timely decisions, large interference in decision making process etc.
The Government started to deregulate the areas of its operation and subsequently, the disinvestment in Public Sector Enterprises was announced. The process of deregulation was aimed at enlarging competition and allowing new firms enter the markets. The market was thus opened up to domestic entrepreneurs / industrialists and- norms for entry of foreign capital were liberalised.
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In lndia for almost four decades the country was pursuing a path of development in which public sector was expected to be the engine of growth. However, the public sector gad overgrown itself and their shortcomings started manifesting in the shape of low capacity utilization and low efficiency due to over manning and poor work ethics, over capitalisation due to substantial time and cost overruns, inability to innovate, take quick and timely decisions, large interference in decision making process etc.
The Government started to deregulate the areas of its operation and subsequently, the disinvestment in Public Sector Enterprises was announced. The process of deregulation was aimed at enlarging competition and allowing new firms enter the markets. The market was thus opened up to domestic entrepreneurs / industrialists and- norms for entry of foreign capital were liberalised.
To Read more...
register as member and login to download attachment [pdf] by right-click the pdf link and Select “Save link as” use for Educational Purposes Only