• CPI National Council

Stop Privatising Visakhapatnam Steel Plant

Communist Party of India General Secretary D RAJA issued the following statement today (on February 08, 2021):

The Communist Party of India strongly opposes the disastrous proposal of Modi government to implement 100 per cent strategic disinvestment in Visakhapatnam Steel Plant (RINL) by way of privatization. Visakhapatnam Steel Plant is a Navaratna company under the Ministry of Steel, Government of India.

Over 50 years ago, 23,000 acres of farm land were acquired to set up the steel plant. Farmers were not paid their money properly. Now the land is worth lakhs of crores of rupees. If the present move is allowed, a private company will take over the steel plant and grab the land.

The government has made no effort to explore all possibilities to run the steel plant. No iron-ore mine has been allotted to the Visakhapatnam Steel Plant. All private steel plants get iron-ore mines. Lakhs of people are directly and indirectly working for the steel plant.

People of Andhra Pradesh, political parties and trade unions have been opposing the anti-national move of privatization.

Even the state government headed by Jagan Mohan Reddy, pointing out that the plant stands as a testimony to the will of the Telugu people has asked the Union government to reconsider its decision.

While opposing the privatization of the steel plant, the Communist Party of India demands that the government should cancel the approval of the Cabinet Committee on Economic Affairs for privatization of the Visakhapatnam Steel Plant and immediately allot iron-ore mines.



Office Secretary

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