AP Minister Avanti Srinivas said that it is not an appropriate decision from the union govt to privatize the national treasure, the Visakha steel plant.The Minister said that the Visakha steel plant is a pride of the Andhra people and it should be handed over to the private authorities.
The minister asked people from AP to take part in the agitation near the Delhi Jantar Mantar against the privatization of the Visakhapatnam steel plant.
On the other hand, YSRCP general secretary, MP Vijayasaireddy said his party opposes the union govt’s decision to privatize the Visakhapatnam steel plant.
He said that efforts should be made to turn the loss-making steel plant into profits.MP Vijayasaireddy and Minister Avanti Srinivas met the leaders of the Visakhapatnam Steel Plant unions in Visakhapatnam today.
Speaking on this occasion, MP Vijaysai Reddy said that to bring the plant into profits, the Center should reduce the debt burden and interest burden by converting the existing debt of the steel industry under equity.Captive Mines should be allocated for this raw material.
Vijayasai explained that if both are done, the loss-making company will result in profits.