Govt should sell non-performing PSUs before they lose value said AM Naik, L&T

Govt should sell non-performing PSUs before they lose value said AM Naik, L&T. Larsen and Toubro Group Chairman AM Naik in a select discussion with BTVI’s Muralidhar Swaminathan and Piyush Jain says the legislature should take a gander at stripping its stakes in private part, and put non-significant open area endeavors on special as capital earned from these key deal activities can be used to back huge foundation ventures.

AM Naik brings up that numerous private areas have floundered in reimbursement of advances to banks and NBFCs thus for them to offer and take up government’s framework ventures will be troublesome since they need to invest more cash at an energy when they are in gigantic obligation, and accordingly says financing from government goes far in managing the circumstance, and accelerate the work attempted by the bidders.

He attests that L&T isn’t keen on purchasing an administration resource like BHEL, additionally explains that they are not keen on taking up government foundation ventures like structure streets on the off chance that they are now half-done by others, further says such tasks have all the possibility to toss obligation on them.

“On the off chance that the tasks are as of now taken up by another person, at that point half or one-fourth may have been finished. In this way, we don’t contact them by any stretch of the imagination,” says AM Naik.

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