Divestment
of 13 PSUs by April
New
Delhi: The government will divest from 13 public sector
enterprises by 1 April 2002, according to Union divestment
minister Arun Shourie. The list includes Maruti Udyog, Videsh
Sanchar Nigam and Indo-Burma Petroleum.
In addition, the
government is also keen on selling 30 per cent stake in Nalco in
the overseas market.
Shourie said valuation of Maruti is on track with the appointment
of the valuer and adviser. "Suzuki Motor has agreed for a
roadmap and the moment the valuation is complete, we will go back
to the finance ministry and financial institutions for the rights
issue. This will be followed by difficult negotiations with Suzuki
for the premium, both for renunciation rights and control."
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CII
plans to set up design task force
Bangalore:
CII is setting up a national task force on design to promote the
cause of industrial design and design competence in the country,
according to CII vice-president Ashok Soota.
The task force will aim
at institutionalising work in design and lead to a national
policy. CII will also set up awards for excellence to promote the
cause of industrial design.
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