NEW DELHI: Niti Aayog has identified 32 loss-making companies for strategic disinvestment, including central public sector enterprises (CPSEs) such as Bharat Pumps & Compressors, Tyre Corporation of India, Central Inland Water Transport Corporation and Bengal Chemicals & Pharmaceuticals, among others. Of the 32 companies, 10 could see strategic disinvestment right away while for the other 22 the suggestion is to revive while retaining a subsequent option for strategic disinvestment.A senior government official confirmed the development and said that the list has been submitted to the Prime Minister’s office (PMO). “The government will now look into individual cases along with their respective administrative ministries. The firms where we may get some valuations will be put on the block first,” he said.The government has budgeted Rs 56,500 from disinvestments in this fiscal, of which Rs 20,500 crore is from strategic sales. In case of moribund companies, the Niti Aayog recommends quick disinvestment.“The idea behind the recommendations is to ensure government gets rid of non-viable public sector enterprises as huge amount of money is sinking into these companies,” a senior official at the Aaoyg said. CPSEs have been identified on the basis of their strategic importance and have been accordingly classified as high and low priority firms. Niti Aayog vice chairman Arvind Panagariya chaired the committee on loss-making CPSEs with Aayog’s CEO Amitabh Kant , member Bibek Debroy and secretary of concerned ministries as its members who met seven times and submitted the report in three months.“A non-priority sector CPSE, once revived, could always be considered for strategic disinvestment at an appropriate stage,” the Aayog said in its report.Of the total 74 loss-making companies 26 have been identified for closure or winding up, five for long-term lease or management contract, three have been proposed to be merged with the parent company while two have been identified for maintaining status quo.“In case of subsidiaries the revival process can be approached through merger with the parent company,” the Aayog noted in its report. Another government official aware of the deliberations said that any decision regarding strategic sale will be taken once the Niti Aayog has submitted its recommendations on the strategic sale policy.“That is still being discussed. Once that comes up we will explore various opens of strategic sale,” the official said. The government has already kick started the process to privatise 14 out of 16 loss-making hotels owned by state-run ITDC Last month, tourism and culture minister Mahesh Sharma said that the process to privatise the 14 hotels has already been started.