The disinvestment target is likely to be seen lower in the next budget

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- An exercise in prioritizing small size undertakings over large ones

Mumbai: Instead of large-scale public sector undertakings, the government is likely to give priority to disinvestment of small and medium-sized enterprises in the next budget. The government wants to stay away from higher targets due to market volatility.

Government sources said the government will continue to proceed with the sale process of previously announced large-scale undertakings of the Centre, such as Container Corporation of India (CCI) and IDBI Bank.

About 40 of the centrally owned enterprises are classified as small and medium enterprises.

The disinvestment department is investigating which undertakings can be included in the disinvestment list. With the stock market witnessing widespread volatility, the government wants to keep the disinvestment target realistic.

The government has been able to achieve fifty percent of the disinvestment target of Rs 65,000 crore for the current financial year. Through disinvestment, the government has received Rs 31106 crore in the current year.

Sources further said that the disinvestment target for the next financial year will be kept lower than the current financial year.

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