Dubai. The government has vehemently denied the news of Tata Sons buying Air India since Friday morning. Commerce and Industry Minister Piyush Goyal on Saturday said the government is yet to take any decision on Air India and the final winner for the acquisition of the airline will be selected through a due process.
“I am in Dubai from a day back and I don’t think any such decision has been taken. Of course the bids were invited and these are evaluated by the authorities and in due course. For this there is a well laid out process through which the final winner will be selected.
He was reacting to media reports that Tata had emerged as the top bidder for the acquisition of debt-ridden Air India. In a tweet on Friday, Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), which handles privatization on behalf of the government, said that the Center has not yet approved any financial bid for Air India.
He tweeted, “Media reports approving financial bids by Government of India in case of Air India disinvestment are false. The media will be informed about the government’s decision.” Asked about the proposed Free Trade Agreement (FTA) with the UAE, he said Indian businesses in sectors like textiles, gems and jewellery, pharma and healthcare There are many opportunities for
He said that there is tremendous potential in both the goods and services sectors. On investments, he said, “We have to encourage Indian businesses to engage with the UAE.”