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Vizag Steel Plant Privatisation Row: CM Jagan Writes to PM Modi to Reconsider
Recently, the Cabinet Committee on Economic Affairs had given in-principle approval for 100% strategic disinvestment of the Centre s shareholding in Rashtriya Ispat Nigam Limited.
A view of Visakhapatnam Steel Plant (VSP) under the corporate entity Rashtriya Ispat Nigam Ltd. Photo: Vizag Steel website
Government07/Feb/2021
Amaravati: Amid growing outcry against the Centre’s move to privatise Rashtriya Ispat Nigam Limited (RINL) which has a steel plant in Visakhapatnam, chief minister Y.S. Jagan Mohan Reddy has written to Prime Minister Narendra Modi to reconsider the decision.
He said the state government is ready to work with the steel ministry to protect the Public Sector Enterprise (PSE), which provides employment to 20,000 people directly and many others indirectly. ....

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