India targets $6.7 bln from stake sales in govt co's in 2015/16

By Reuters

Feb 28, 2015 07:18 AM EST

India's Prime Minister Narendra Modi speaks at Madison Square Garden in New York, during his visit to the United States, September 28, 2014. (Photo : Reuters)

India plans to raise 410 billion rupees ($6.7 billion) by selling stakes in government companies during the fiscal year 2015/16, according to the budget proposal presented by Finance Minister Arun Jaitley on Saturday.

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