What is strategic sale?

d.eandeconomicreform
cbse

#1

A country like India had to safeguard its own i strategic ajid defence interests in a partly hostile : surroundings in South Asia. So, it was unwilling to permit foreign private industries to enter these sectors at the initial stage. By late 1980s, the situ-ation had completely changed. The sale of such public sector units is called strategic sale.