The aviation ministry is preparing to sell its stakes in companies that operate airports in Delhi, Mumbai, Bengaluru, and Hyderabad, a move that will help achieve the government’s target of raising ₹20,000 crores from monetisation of assets in FY22.
The ministry has started the process to fetch approvals, including those from the cabinet, to speed up the sale process.
“The aviation ministry has an asset monetisation target of ₹20,000 crores for FY22. While privatisation of airports will contribute to that target, this move could become the largest contributor,” said an official who did not want to be named.
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