Govt. earmarking 10 SOEs for liquidation

The government will soon roll out a special scheme for salvaging loss- making State-Owned Enterprises (SOEs) via restructuring or privatisation opening up its management or ownership while liquidating failing institutions with insolvency issues that cannot be resolved efficiently. At least 10 out of 55 SOEs are earmarked for liquidation following recommendations of the Auditor General’s department and five of the 55 SOEs classified as “strategically important “will be restructured under a public private partnership model, an order issued by the Public Enterprises Department Board revealed.

The Sunday Times

2022-09-11

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