Centre not bothered about Vizag Steel Plant Agitations: The Centre decided to privatize the Rashtriya Ispat Nigam Ltd (RINL) which is popularly known as Vizag Steel Plant. The state s Chief Minister YS Jaganmohan Reddy penned a letter for the Prime Minister Narendra Modi and he explained about the protests and the agitations going on against the Centre s decision.
Andhra Pradesh CM writes to PM Modi, suggests options to revive Vizag steel plant ANI | Updated: Mar 09, 2021 23:41 IST
Amaravati (Andhra Pradesh) [India], March 9 (ANI): Andhra Pradesh Chief Minister YS Jagan Mohan Reddy wrote to Prime Minister Narendra Modi and sought an appointment to suggest options to revive Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam.
The Chief Minister said he ll bring an all-party delegation, including representatives of Trade Unions to represent their concerns.
The letter read, Visakhapatnam Steel Plant (RINL) - Reply of Nirmala Sitharaman, Union Minister for Finance, in parliament on 8-3-2021 regarding 100 per cent strategic disinvestment by way of privatization - Request for Appointment at an early date for personally explaining the options to revive and meeting an all-party delegation led by me to express the concerns directly.
Sitharaman said strategic disinvestment of the government s equity will lead to infusion of capital for optimum utilisation, expansion of capacity, infusion of technology and better management practices. This will result in higher production and productivity and expansion of direct and indirect employment opportunities.
Read more about Disinvestment: Govt addresses CPSE stakeholders concerns, says FM on Business Standard. The government addresses legitimate concerns of employees and other stakeholders of CPSEs through appropriate provisions in the share purchase agreements with bidders at the time of disinvestment, Finance Minister Nirmala Sitharaman said on
RINL expects Rs 1,000-cr from sale of 22-acre land in Vizag dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.