Save Vizag Steel Plant: CM Jagan Urges PM Modi
Jaganmohan Reddy also drew the attention of Modi to the fact that the plant had a good performance between 2002 to 2015 earning profits with positive net worth.
Amaravati: Andhra Pradesh Chief Minister YS Jaganmohan Reddy has made a fervent appeal to Prime Minister Narendra Modi to reconsider the disinvestment plans of RINL Visakhapatnam and explore other opportunities to put the plant back on track, with an assurance that Andhra Pradesh government would closely work with the Government of India under Modi’s leadership in reviving the plant for unlocking greater value to the society and in particular to the people of Andhra Pradesh.
In a letter addressed to the Prime Minister on Saturday, he referred to the recent decision of the Cabinet Committee on Economic Affairs (CCEA) which had given in-principle approval for 100% strategic disinvestment of Government of India’s shareholding in Rashtriya Ispat Nigam Ltd.,(RINL) Visakhapatnam, along with management control by way of privatisation and the news items being published in the media about the Union Cabinet’s clearance of the same has become a point of discussion among the public in Andhra Pradesh and a cause of concernto the state.
“As you are aware Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), is a Navratna Company under the Ministry of Steel, Govt. of India. It is the largest public sector industrial unit in the state creating employment opportunities for close to around 20,000 people directly and many other indirect employment opportunities in the city of Vishakhapatnam. It is India’s first shore-based integrated Steel Plant and a producer of long steel products catering to the requirements of the Construction, Infrastructure, Manufacturing & Automobile sectors.
This plant is realised only after many sacrifices by our people. The people of my state rallied for the Visakhapatnam Steel Plant in which 32 people have laid down their lives. On 17th April 1970, the then Prime Minister of India, announced the Government’s decision to establish a steel plant at Visakhapatnam culminating the decade-long public agitation “Visakha Ukku-Andhrula Hakku” in the undivided Andhra Pradesh,” he recalled.