The National Transport Development Policy Committee (NTDPC) led by former deputy governor of the Reserve Bank of India, Rakesh Mohan, has recommended that the government reduce its stake in Air India to 26 per cent over five years.
The committee was constituted in 2010 and comprised
representatives from government ministries involved in transportation
and the private sector.
In its three-volume report, which was released by Prime Minister Manmohan Singh on Saturday, the committee has said it does not see any reason for the government to continue with its exclusive ownership in the national carrier.
“A plan for progressive disinvestment of the government’s stake in Air India over a period of three to five years, based on a phased scheme with defined milestone, should be achieved,” the report said.