"Divest Air India, But Let It Be With Indian Player," Says Mohan Bhagwat

Mumbai:  RSS chief Mohan Bhagwat on Monday said Air India should be owned by an Indian player who can run it efficiently, amid the government initiating the disinvestment process for the debt-laden national carrier.

Cautioning the government against “losing control and ownership of its skies”, Mr Bhagwat said Air India’s operations have not been managed properly.

“Air India should be handed over to anyone who can run it efficiently. The new operator must be an Indian player,” the RSS supremo said, delivering a talk on ‘Indian Economy and Economic Policies: Long-term Perspective’ in Mumbai.

Mr Bhagwat said nowhere in the world has any country allowed a stake of more than 49 per cent to foreign investors in national carriers, and specifically mentioned Germany, where foreign ownership is capped at 29 per cent.

He also advocated confiscation of shares if the foreign holding breaches the 49 per cent mark and selling it to domestic investors, as is done in some…

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