Arvind Panagariya sees action on privatising Air India in 6 months | Reuters

NEW DELHI The government is expected to take some action on privatising state-owned airline Air India in next six months, a top government policy adviser told television channel CNBC-TV18 on Thursday.

The comment from Arvind Panagariya, deputy head of policy think-tank Niti Aayog, comes amid reports that India's salt-to-software Tata conglomerate has shown an interest in buying a majority stake in the loss-making national carrier.

"Something should be happening this year," Panagariya said in response to a question on timeline for the national carrier's privatisation.

Prime Minister Narendra Modi's administration has been exploring ways to privatise Air India, which was bailed out in 2012 with $5.8 billion of federal funding. (Reporting by Rajesh Kumar Singh; Editing by Malini Menon)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Jun 22, 2017 21:53 PM

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