Air India privatisation in doldrums ! There is no one to buy the Maharaja !!

The Narendra Modi government's most ambitious privatisation plan, ie., to sell off the  Air India, has hit roadblocks. It is a very bad news for the so -called  economic experts, sitting in the NITI Ayog that, there is no one to buy the Maharaja. Yesterday, the 31-05-2018 was the last date for the prospective buyers to submit their Expression of Interest (EoI). The government had announced it's plan of selling 76% of Air India's shares. Together with that,  the government had stipulated that, the buyer should take over Rs.33,392 crores of Air India's debt also. May be, the corporates want to take over Air India, without the pains of taking over of it's debt. To oblige them, the government may change it's conditions also. However, according to political and economic observers, there is little chance for the Modi government to complete the privatisation of Air India, within the remaining 10 months of it's tenure. This is a great news for the forces which are fighting against the government's privatisation moves.