Agri Do­mes­tic Mar­kets

Rural & Marketing - - Policy -

Since six decades, In­dia Inc, es­pe­cially multi na­tional com­pa­nies (MNCs) en­gaged in FMCG in­clud­ing To­bacco, Pharma, Auto and other sec­tors are en­joy­ing high value govern­ment's stake and the In­dian govern­ment does not make any liq­ui­da­tion move to en­cash their stocks to fi­nance the emerg­ing na­tive ru­ral and agri­cul­tural mar­ket. The govern­ment makes hue and cry about scarcity of funds for the so­cial sec­tor and fre­quently sells its share in pub­lic sec­tor en­ter­prises. It is sur­pris­ing to note that the govern­ment, through its fi­nan­cial in­sti­tu­tions such as cash rich Life In­sur­ance of In­dia (LIC) and SUUTI, con­tinue to hold huge share in com­pa­nies. The ques­tion re­mains - Is there any logic in con­tin­u­ing with com­pa­nies like HLL, Nes­tle, Emami, ITC, God­frey Phillips In­dia, Wock­hardt, Suzuki, M & M among oth­ers. If profit is the aim, then why should the govern­ment com­pel its in­sti­tu­tions

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