Press release Disinvestment Seminar on 6 April 2016 (07 April, 2016)

Disinvestment Seminar on 6 April 2016 (07 April, 2016)

Disinvestment Seminar on 6 April 2016

The Government of India launcheda roadshow in Japan to attract investments for the big-ticket sales of its stake in theCentral Public Sector Enterprises (CPSEs).

A delegation led by Shri Neeraj Kumar Gupta, Secretary Department of Disinvestment (DoD), Ministry of Financeaccompanied by senior officials from leading CPSEs such as ONGC, IOCL, NTPC, NHPC, RINL and SAIL were in Tokyo (April 5-6, 2016)meeting with Japanese investors as a part of the road show.The road showalso includeda seminar on April 6, focused specifically onopportunities for Japanese investors to participate in the Government?s disinvestment program, with a special emphasis on primary sectors (i.e. power, steel, oil & gas, mining). India's Ambassador to Japan HE Sujan R. Chinoy made the opening remarks at the seminaron Disinvestment which was organizedby theIndian Embassy in Japan. The investment bank, Nomura arranged meetingsof the delegation with the investors.The delegation dwelled on thealternative modes of disinvestments, which the Government of India has decidedfor reducing its stake in CPSEs besides the capital market route.Given the Indian growth story, stable financial system, regulatory framework and political landscape with a strong Government, the delegation is quite hopeful of garnering interest from marquee Japanese investors such as DIAM, Sumitomo Mitsui AM, Nissay AM, Mitsubishi UFJ Kokusai AM,to participate in the disinvestment program.