Disinvestment Commission News

Shipping Corp. of India Will Not Be Restructured

The Indian government will not follow the advice of PricewaterhouseCoopers and break up the state-run Shipping Corp of India (SCI) into three units ahead of its privatization, Reuters reported. The report said PricewaterhouseCoopers had recommended splitting the company into three entities with each in “command of vessels of a particular shipping segment.” It cited two major reason why the government had decided not to do so. Secondly, the government believed the benefits from restructuring were not substantial, and in fact could have a negative impact on the price received. “The overwhelming view was that it (the PricewaterhouseCoopers restructuring) would create unviable units…