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Govt. deferres BEML privatisation


07 Jan, 2018 6:26p.m.

The central government has confirmed that the move to privatise the Bharat Earth Movers Limited (BEML) has been deferred. This was stated by Subhash Bhamre, Minister of State for Defence, as the answer to the question raised by Lok Sabha member MB Rajesh on Wednesday.

"Government has deferred the strategic disinvestment of BEML in order to undertake further diligence exercise on various aspects as considered necessary," said the answer given by the Minister.

BEML was the first Defence Public Sector Unit being put up for sale to the private sector, a move which is expected to adversely affect national security and self-reliance.

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