New Delhi: In order to meet the disinvestment target of Rs. 90,000 crore, Government of India sold ‘enemy properties’ worth Rs. 1874 crore in the month of April this year.
Out of Rs. 2350 crore which was received from disinvestment, Rs. 476 crore was obtained from the IPO of Rail Vikas Nigam Ltd. and Rs. 1874 crore by selling ‘enemy properties’.
According to the report published in Economic Times, in the month of November 2018, Govt. had given green signal to the Department of Investment and Public Asset Management (DIPAM) to start selling ‘enemy properties’ and ‘enemy shares’.
It may be mentioned that ‘enemy properties’ are the assets of persons who had migrated to Pakistan or China.