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The plan to disinvest Pawan Hans to be finalized in a week

The Civil Aviation Ministry in the last stages of preparing the modalities of disinvestment of State-run helicopter operator Pawan Hans and will send its proposal for evaluation to the core group of secretaries “within a week”.

The Cabinet Committee on Economic Affairs (CCEA) had given its in-principle approval for strategic disinvestment of profit-making Pawan Hans late last year.

The Centre holds 51 per cent stake in the chopper firm while another State-owned giant Oil and Natural Gas Corporation owns the remaining 49 per cent.

The Core Group of Secretaries on Disinvestment (CGD) headed by the Cabinet secretary will then look into our suggestions.”

A meeting was also held at the Ministry on this issue on August 9 where both Civil Aviation Minister Ashok Gajapathi Raju and his deputy Minister of State for Civil Aviation Jayant Sinha were present.

The set of recommendations from the Ministry to the Core committee will also deal with issues of landed property and assets of Pawan Hans.

A section of employees of Pawan Hans wrote to the Prime Minister’s Office suggesting that the firm be merged with ONGC or made a subsidiary company by way of increasing ONGC’s stake to 51 per cent.


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