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Centre Gives Clarity On Vizag Plant Privatisation!
By: Tupaki Desk | 14 April 2023 5:33 PM GMT
The Centre shocked everyone by saying that what Union Minister Faggan Singh Kulaste said about the Vizag Steel plant is not right. He said that the privatisation will not happen now and strengthening the plant is the aim now. But it took less than one day for the center to change its decision.
It said that privatisation will happen and the investments will be withdrawn in a phased manner. The Ministry of Steel issued a release and said that the process of disinvesting the investments in Rashtriya Ispat Nigam was also not stopped. Saying that the progress did not stop, it is going on. The Ministry also said that efforts are going on to disinvest the assets.
The Ministry also condemned the news appearing in media outlets that the assets disinvestment had stopped. It is confirmed that the Center is not taking any backstep. A Union Minister said that the privatisation will not happen and announced this in Vizag.
Everyone wonder why the Centre changed its version after the Union Minister said no privatisation. They also ask if the Centre has no respect for AP or Vizag Steel Plant. How the Center can confuse people more on the issue while it has been confusing for the past two years?
No matter how hard the BRS is opposing and what the parties in AP are saying, the Centre is adamant about privatisation. Many say that the Centre had a time frame for the privatisation. A debate is also going on about whether the Union Minister had no information on this or could not say what he wanted to.
People of Andhra Pradesh faced a big relief for one day with his comments. But Center gave a big shock. It appears that everyone has to lose hope in Vizag Steel Plant.
It said that privatisation will happen and the investments will be withdrawn in a phased manner. The Ministry of Steel issued a release and said that the process of disinvesting the investments in Rashtriya Ispat Nigam was also not stopped. Saying that the progress did not stop, it is going on. The Ministry also said that efforts are going on to disinvest the assets.
The Ministry also condemned the news appearing in media outlets that the assets disinvestment had stopped. It is confirmed that the Center is not taking any backstep. A Union Minister said that the privatisation will not happen and announced this in Vizag.
Everyone wonder why the Centre changed its version after the Union Minister said no privatisation. They also ask if the Centre has no respect for AP or Vizag Steel Plant. How the Center can confuse people more on the issue while it has been confusing for the past two years?
No matter how hard the BRS is opposing and what the parties in AP are saying, the Centre is adamant about privatisation. Many say that the Centre had a time frame for the privatisation. A debate is also going on about whether the Union Minister had no information on this or could not say what he wanted to.
People of Andhra Pradesh faced a big relief for one day with his comments. But Center gave a big shock. It appears that everyone has to lose hope in Vizag Steel Plant.
