India: The Ministry of Heavy Industries is planning to sell seven non-operational plants of the Cement Corporation of India (CCI) as part of the first phase of a scheme to sell the state-owned cement producer. However, due to on-going legal issues at some of the units the ministry wants to sell them in a piecemeal fashion or even individually, according to the Press Trust of India. The CCI operates 10 units of which seven are non-operational. The federal cabinet of India granted gave in-principle approval for the sale of certain state-owned companies in October 2016.
Government to sell shuttered Cement Corporation of India first
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