SPECIAL FEATURE - India's privatization guru
Arun Shourie, for many years one of India's most celebrated journalists, is minister for disinvestment. He has the job of turning India's flagging privatization programme into a success, with 27 businesses targeted for sale in the coming year. It's no easy task. Until this year only one sale had taken place – of bread company Modern Foods to Hindustan Lever, for US$70 million. The only transaction to go through this year – the sale of a majority stake in aluminium company Balco to Sterlite Industries – has been mired in controversy and union action. He spoke to Asiamoney.
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