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New Delhi : The disinvestment department on March 9 said it is gearing up to raise Rs 40,000 crore from the divestment process during 2010-11 and expressed the hope that the target set by the finance minister will be met.
"Those Rs 40,000 crore are estimates and we will certainly meet them," disinvestment secretary Sumit Bose told reporters when asked whether the government will be able to mop up the amount as proposed by the finance minister in budget 2011.
Presenting budget 2011, finance minister Pranab Mukherjee upped the revenue target from sale of government equity in CPSUs to Rs 40,000 crore in 2010-11 from the targeted Rs 25,000 crore for the current fiscal. Bose said the department is reviewing the situation and divestment proposals will be taken on a case-by-case basis.
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