New Delhi, Oct 15: The Disinvestment Commission today recommended privatisation of Central Cottage Industries Corporation and North-Eastern Electric Power Corporation by inducting a strategic partner. In its 22nd report submitted recently, the Commission favoured sale of 100 per cent equity in CCIC to a strategic buyer through competitive bidding route.
It also suggested "withdrawing all cash surpluses to needs of company".
In the case of Neepco, the Commission recommended sale of 51 per cent stake to a private partner through competitive bidding route.
Bureau Report