Industry Minister Piyush Goyal Says Air India Has Not Been Decided Yet.
Trade and Industry Minister Piyush Goyal said that the government had not yet decided on Air India.
The final winner would be determined through a well-defined process. Trade and Industry Minister Piyush Goyal said that the government had not yet decided on Air India. That the final winner will be determin through a well-defined process.
“I’ve been in Dubai since the day before, and I don’t think there is such a decision. But, of course, bids were invite and it was appreciate by the staff and immediately layout the process through which I will determine the final winner,” he told reporters.
Answering questions in media reports, Industry Minister Piyush Goyal said Tatas was the most prominent candidate to take over debt-ridden Air India.
However, Tuhin Kanta Pandey, secretary of the Department of Investment and Public Asset Management (DIPAM). The government department in charge of privatization said on Friday. That the center had not yet approved a financial offer for Air India. Which suggests that the Indian government’s endorsement of financial offerings in case of disinvestment of AI is wrong. He wrote on Twitter that the media would be notified of the government’s decision. When and when it will be create,” he wrote on Twitter.
When asked about the offere free trade agreement with the UAE. He said there were many opportunities for Indian companies in textiles, gems and jewelry, pharmaceuticals, and healthcare. There is tremendous potential in both goods and services, he added. Regarding investment, he said, “We need to encourage Indian companies to engage with the UAE.”
Secretary of the Ministry of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey denied the news.
“Media reports showing the Indian government’s approval of a financial offer in the case of the sale of AI (Air India) are false. The media will be notified of the government’s decision. Pandi wrote on the social media platform, “When it will be made.
Bloomberg reported that a group of ministers received proposals from bureaucrats recommending the conglomerate’s bid ahead of developer Ajay Singh’s bid. He citing an anonymous source who added that an official announcement was expecting in the coming days. Tata Sons and Ajay Singh, chairman and managing director of SpiceJet Ltd, made the financial offer for the airline in their capacity.
