Reportedly as the government works on divesting debt-laden air india, Union minister piyush goyal on thursday said if he was not a minister, he would be bidding for the airline. Meanwhile air india has been in the red for long and the government is now in the process of finalising the contours for its disinvestment. When responding to a query about proposed disinvestment of air india, bpcl and other companies, Goyal said in the first term, the government had inherited an economy which was in pretty terrible shape.
As per report steps were taken to put the economy back in shape and if the government had looked at divesting these jewels, it would not have got a great value and he was talking at a session on 'Strategic Outlook: India' at the WEF 2020 here. Goyal said "If I weren't a minister today, I would be bidding for air India. It has some of the best bilaterals the world over and a well managed and efficient air india with lot more good aircraft put in using these bilaterals is nothing short of a gold mine to my mind".
Moreover bilaterals refers to an agreement between two countries that allows each other's airlines to operate services with a specific number of seats. Goyal holds the portfolios of Railways as well as Commerce and Industry. The minister said "India today is a land where you have equal opportunity, you can work with integrity...," adding that he thinks a good job has been done in cleaning up the banks and strengthening them. Moreover the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI) and the government have taken various measures to address bad loan woes and other issues at public sector banks.