Decision on privatisation soon, says Sinha

CHIANG MAI (Thailand), MAY 7. India should take some key decisions in the next two weeks on the sale of Government equity in some State-owned entities, the Finance Minister, Mr. Yashwant Sinha, said today.

``I hope in the next 10 days to two weeks it should be possible for us to take some decisions. We have a long list of undertakings that are waiting for a decision,'' Mr. Sinha told Reuters on the sidelines of an Asian Development Bank meeting here.

The Union Cabinet had deferred a decision on disinvestment in State-run firms pending further discussions on the plan by a Cabinet Committee.

Five firms, including Air India, which is 100 per cent Government owned, and Indian Oil Corporation, which is partially privatised, are among those for which the Cabinet is considering stake sales.

``We are proceeding according to plan. In many cases we are looking for strategic partners,'' he said.