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Government has not yet taken any decision on Air India: Piyush Goyal

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Center has not yet approved any financial bid for Air India: Minister

Commerce and Industry Minister Piyush Goyal on Saturday said the government is yet to take any decision on Air India and the final winner will be selected through a well-defined process.

“I am in Dubai from a day ago and I don’t think any such decision has been taken. Of course the bids were invited … and it is evaluated by the authorities and in due course , there is a completely laid back process through which the final winner will be selected,” he told reporters.

He was responding to a question about media reports that Tata had emerged as the top bidder for the acquisition of debt-ridden Air India. Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), the government department responsible for privatization, had said in a tweet on Friday that the Center has not yet approved any financial bid for Air India.

“Media reports approving financial bids by Government of India in AI disinvestment case are incorrect. Media will be informed about the decision of the government,” he tweeted.

Asked about the proposed free trade agreement with UAE, he said there are a lot of opportunities for Indian businesses in sectors like textiles, gems and jewellery, pharma and healthcare. He said that both goods and services have tremendous potential. On the investment, he said, “We have to encourage Indian businesses to engage with the UAE.”

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