Date:26/10/2007 URL: http://www.thehindubusinessline.com/2007/10/26/stories/2007102652251000.htm

Back Tyre Corpn divestment cleared

Our Bureau

New Delhi, Oct. 25 The Government has approved steps for disinvestment in Tyre Corporation of India, under which it will allow the public-sector enterprise to form a joint venture with a private company. “The Union Cabinet has given its approval for making necessary amendments in TCIL Bill, 2007 pending in Lok Sabha. The company can be revived in a sustainable manner only through a joint venture, which would require a change in the nature of the PSE,” Information and Broadcasting Minister, Mr Priyaranjan Dasmunsi said.