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Action on privatizing Air India in next six months: Niti Aayog

LiveMint logoLiveMint 22-06-2017 Rajesh Kumar Singh

New Delhi: The government is expected to take some action on privatizing state-owned airline Air India in the next six months, a top government policy adviser told a television channel on Thursday.

The comment from Arvind Panagariya, deputy head of government policy think tank Niti Aayog, comes amid reports that the salt-to-software Tata conglomerate has shown an interest in buying a majority stake in the loss-making national carrier.

“Something should be happening this year,” Panagariya said in response to a question on the timeline for the national carrier’s privatization.

Prime Minister Narendra Modi’s administration has been exploring ways to privatize Air India, which was bailed out in 2012 with $5.8 billion of federal funding. Reuters

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