Why is the Govt. reviving a PSU?
The Hindu
At the recent India Maritime Week, the government announced that the state-owned Shipping Corporation (SCI) would buy more than 200 merchant ships of practically all types through joint ventures with respective stakeholders, mostly State-owned. This marks a remarkable turnaround in the fortunes of this mini-ratna that once truly occupied the commanding heights or rather the depths of Indian shipping but had fallen into prolonged decay and was on the verge of privatisation for some five years.
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