Whether or not to disinvest: the case of Gujarat state fertilizers and chemicals limited
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Date
2006-10-29Author
Dholakia, Ravindra H.
Gandhi, Shailesh
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Show full item recordAbstract
After acquiring independence in 1947, the Government
of India (GoI) adopted central planning as a strategy for
economic development in 1951. The governments, both at
the centre and in various states of India, played an active
role in developing the core sectors like power, fertilizers,
petrochemicals, steel, rail, road and port infrastructure by
setting up several Public Sector Undertakings (PSUs) and
providing funds through budgetary allocationsb. The private
initiatives in the core sectors were either not allowed or
allowed only to a limited extent.
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