Privatisation no answer to loss-making units: Vijayasai Reddy
YSRCP parliamentary party leader V Vijayasai Reddy promised to raise the demand to retain Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant as a public sector unit.
image for illustrative purpose
Visakhapatnam: YSRCP parliamentary party leader V Vijayasai Reddy promised to raise the demand to retain Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant as a public sector unit.
Reacting to the Ministry of Finance's decision to seek RFQ bids for engaging transaction and legal advisors, Reddy and Tourism Minister Muttamsetti Srinivasa Rao, MPs MVV Satyanarayana, Satyavathi, Gotteti Madhavi, MLAs Gudivada Amarnath and Tippala Nagi Reddy met the leaders of the Visakhapatnam Steel Plant trade unions and reiterated their commitment to oppose RINL privatisation. Later, Vijayasai Reddy told reporters that privatisation was not the solution to revive sick PSUs.
He said they would facilitate meeting with new Steel Minister RCP Singh and Finance Minister Nirmala Sitharaman during their 'Delhi Chalo' programme on August 2 and 3.
