ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Tale of Two BIFRs

Tale of Two BIFRs D N Ghosh The oft-repeated criticism of delay on the part of the Board for Industrial and Financial Reconstruction (BIFR) emanates from an incorrect understanding of the process of financial and industrial restructuring. In this regard the experience of Treuhandanstalt, the agency set up in Germany to privatise the large public sector industrial enterprises of erstwhile East Germany, may hold some useful lessons for the BIFR.

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