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”It is the government’s duty to support enterprises and businesses. But it is not essential that it should own and run enterprises,” he said.
Modi also said the Centre’s policy is to either monetise or modernise public sector enterprises, with the intent that the government has ”no business to be in business.”
Speaking at a webinar on privatisation by the Department of Investment and Public Asset Management (DIPAM), Modi said the Budget has given a clear roadmap to take India to a high growth trajectory.
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The government has many underutilised and unutilized assets and 100 assets would be monetised to garner Rs 2.5 lakh crore, Modi added.