The disinvestment for the year 2019-20 is likely to fall well short of the target, even after the target was downsized in the latest budget estimates. India ended the divestment programme for 2019-20 collecting Rs.50,299 crore as against the reduced target of Rs.65,000 crore. The last three deals finalised were the sale of the government’s 100% stake in NEEPCO and 75% in THDC to NTPC, as well as the sale of its 67% in Kamarajar Port to Chennai Port Trust. They jointly yielded Rs.11,500 crore. However, some of the OFS plans like SAIL, NMDC, PFC, Coal India, IRCON, Hindustan Aeronautics have been scrapped. The planned IPO of IRFC and the Rs.8,000-crore sale of the Centre’s stake in ITC and Axis Bank through SUUTI will also be taken up next year. Even out of this divestment completed, more than 50% came from CPSE ETF issue as well as sale of enemy property. The next year target has been set at Rs.210,000 crore including the mega divestment of LIC and Air India.