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Modi will likely depart from privatisation plans, will overhaul state-run firms

Modi will likely depart from privatisation plans, will overhaul state-run firms

UNION BUDGET: India plans to overhaul over 200 state-run firms to boost profitability, moving away from aggressive privatisation due to slowed progress and increased political resistance. The new strategy, expected to be announced in the July 23 budget, includes asset monetisation and long-term performance targets, aiming to raise $24 billion for reinvestment

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