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Disinvestment In India - A Stakeholders' Management Perspective, Vilas Kulkarni, Amit Kumar Srivastava
Disinvestment In India - A Stakeholders' Management Perspective, Vilas Kulkarni, Amit Kumar Srivastava
The South East Asian Journal of Management
India adopted mixed economy after independence, aiming socialistic pattern, through heavy investment in the public sector enterprises (PSE) the performance of which later became a matter of concern. Therefore, Government of India (GOI) started reform programs to reduce the size and expenditure of the public sectors, and restructuring the PSEs. In 1991 GOI initiated a radical economic reform to increase the private sectors participation and the efficiency of public sector investment. Therefore, the management of various stakeholders become crucial for the success or failure of the disinvesment policies. This paper investigates the disinvestment in National Alumunium Company Limited (2002-03 and …