- India: in the framework of its privatisation programme, launched in 1991, the Indian Government has sold part of the capital of two large State-owned companies. It has thus sold 25% of the telecommunications operator VSNL - VIDESH SANCHAR NIGAM LTD, which has the monopoly over international calls, to TATA for 15 bn rupees (350 million euro). Whereas IOC - INDIAN OIL CORPORATION has taken a third in IBP, a distributor of oil products, for 11.5 bn rupees. Since 1991, only three companies have been totally privatised; 42 others have been partially, taking the total net revenue for sales to 202 bn rupee, or half the target set. The State still owns 240 companies, the accumulated losses of which amount to 525.5 bn rupees.