‘Disinvestment not for shutting down public firms,’ says FM Sitharaman

Finance Minister Nirmala Sitharaman on Friday said the principle of the government's disinvestment programme is not to shut down any unit or company but to make them more efficient and professionally driven. Highlighting that public sector enterprises which were privatised between 1994 and 2004 are being driven by professionally run boards, the minister said these companies have only improved.