Shourie speaks: part 2

The second part of the interview with Arun Shourie, India''s Minister for Disinvestment.

Is there a situation in India where more of the privatizations tend to be favour domestic institutionsbuyers rather than foreign ones

We're aiming for international competition in some of the enterprises. For instance, in the case of the petroleum distribution company called IBP, which has 6% share of the retail market in India, Shell and Kuwait Petroleum were among the bidders. In the case of an aluminum company and a zinc company, Sterlite, a British company owned by an Indian settled in Britain, was among the bidders. We welcome foreign participation. Foreigners have also to become less sceptical and have greater confidence that the process will be seen through.

But in the...

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