`Use divestment proceeds for rural development`

  • 18/05/2004

  • Business Line (New Delhi)

The Federation of Indian Chambers of Commerce and Industry (FICCI), in its 10-point plan for first 100 days of the new Government, has outlined the parameters based on which a clear-cut policy on disinvestment should be announced. The disinvestment target should be at least Rs 25,000 crore per annum and the proceeds of disinvestment should go to a fund dedicated for socio-economic development of rural India.