Sunday, July 14, 2024

Vizag Steel Plant: Centre firm on Privatisation

  • AP Govt has no shares in VSP
  • Centre has 100 percent shares and they will be sold
  • Union Finance Minister clarifies in Parliament

New Delhi: On Monday, Union Finance Minister Nirmala Seetharaman, went on record by saying  that the Centre owns 100 percent shares in Vizag Steel Plant (VSP). She also confirmed in a statement that the shares will be sold to private companies and will ask State Government’s support when needed for privatisation and sale of the property.

Also Read : Sarma asks PM not to disinvest in VSP

Nirmala said that the Centre had negotiations with the Government of Andhra Pradesh on privatisation of VSP. This clearly indicates that there is no change in the stand taken by the Centre on privatisation and on sentiments of AP people who are continuing agitations for a few days all over state opposing selling awy the VSP. AP State had  observed bandh also recently against privatization, but Monday’s  statement hints that the Centre ignored all these protests  and is bent upon going forward.

Also Read : Centre squarely responsible for losses of VSP

Andhra Pradesh Chief Minister, Jagan Mohan Reddy wrote a letter to PM Narendra Modi requesting to reconsider the decision.  All political parties, TDP, CPI, CPM participated in agitations , but it looks to be in vain after observing official statement on Monday in Parliament by Union Finance Minister Seetharaman. It is a shocker to the people of  Andhra Pradesh.

Also Read : POSCO & Hyundai want to have VSP with 50 % Share 


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