The government has set a lower disinvestment target for FY24 at 751,000 crore as compared with the previous financial year, while also lowering the revised estimates from FY23 to 750,000 crore from the earlier target of 65,000 crore, according to the budget documents issued on Wednesday.
“Disinvestment is based on market conditions and other factors, there fore a practical and prudent target has been kept,” Tuhin Kanta Pandey, secretary, department of investment and public asset management DIPAM) said during the finance minister’s press conference on Wednesday, after the union budget presentation.
He had told Mint in a recent interview that disinvestment should be looked at from the point of view of reforms and employment creation instead of only capital generation.
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