"Reset": What Anand Mahindra Said On Tata Sons Winning Air India Bid
NDTV
Anand Mahindra said that with this move, the government is not just dispensing of a cash drain but also renewing its faith in the private sector.
Industrialist Anand Mahindra has welcomed the government's announcement of Tata Sons winning the bid for Air India, saying the disinvestment of the national carrier amounts to a "reset" of the Indian business environment. I may be accused of overstating the importance of this event but I think this divestment amounts to a ‘reset' of the Indian business environment. Yes, the Govt. is dispensing of a cash drain; But it's also renewing faith-after decades-in the potential efficiency of the Pvt.sector https://t.co/iZKgt2L7cD
The Mahindra Group chairman said that with this move, the government is not just dispensing of a cash drain -- the government had been losing nearly Rs 20 crore daily to keep the national carrier flying -- but also renewing its faith in the private sector.
"I may be accused of overstating the importance of this event but I think this divestment amounts to a 'reset' of the Indian business environment. Yes, the Govt. is dispensing of a cash drain; But it's also renewing faith-after decades-in the potential efficiency of the Pvt.sector," Mr Mahindra tweeted, sharing a post by Tata Sons Emeritus Chairman Ratan Tata after the group regained control of Air India after 70 years.
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