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Fresh look at divestment

Father Felix Raj, the principal of St. Xavier’s College, will release his fifth book on September 11.

The book, Disinvestment in India — Trends, Problems and Prospects, is based on Felix Raj’s research on divestment in public sector enterprises in the country. It will be released on the Park Street campus by governor M.K. Narayanan.

“Disinvestment has been a burning issue in our country over the past three decades,” said Felix Raj. “As an economist, I was very interested in the process.”

The book takes into account the author’s research over three years and looks at the trends, problems and prospects of the divestment process in India over the last three decades.

“Disinvestment is an area of privatisation that is going on at the global level. It is part of the liberalisation, privatisation and globalisation policy,” said Felix Raj.

The author has also undertaken a comparative analysis of pre- and post-divestment performance of various public sector industries.

“A lot of people believe disinvestment is associated with efficiency but that is not necessarily true. The performance of many public enterprises are poor because of some in-built issues and political problems. If the government sector wants the public enterprise to perform well they can, but it needs certain discipline,” explained Felix Raj.

“On the basis of my analysis, I have proposed certain concrete methods of disinvestment in the book,” said Felix Raj. The 439-pager has suggestions for policymakers and planners. The book is dedicated to the author’s father, S.A. Susai, who had been a teacher for 45 years.