State has no role in VSP privatisation

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Amaravati, Feb 11: Brushing aside the allegations of Opposition on the State’s role in privatization of  Visakhapatnam Steel Plant (VSP), YSRCP has said the Chief Minister has made his view clear in the letter to Prime Minister.

The allegations that the State is selling VSP to Korean Company Posco stands no ground as it is the Centre that governs the Steel Plant, Party spokesman Ambati Rambabu told media here on Wednesday.

He affirmed that the State government meeting with POSCO company is not regarding the steel plant but for investment options.
The steel plant is a central government organisation and there is no possibility for the State government to sell it for a private company. Turning down the allegations of State government having talks with POSCO to sell the steel plant, Ambati said that the company people have also met Chandrababu Naidu during his term for investments, and they met Chief Minister to explore  investment opportunities.

He said that the union government has taken a decision to privatize the steel plant in 2018 when Chandrababu Naidu was Chief Minister. He stated that the steel plant was in a profitable condition until 2015, but all of a sudden it ran into a pile of losses, which was during TDP rule.

The MLA has slammed Jana Sena chief Pawan Kalyan for finding fault with the letter written by Chief Minister YS Jagan Mohan Reddy to the Central government urging to reconsider the decision of disinvestment in Vizag Steel Plant. He asked Pawan Kalyan, whether he has taken up the disinvestment of steel plant issue with Union Home Minister Amit Shah during his meeting with him or is it for securing a ticket in Tirupati by-election. He said that Pawan Kalyan has got a responsibility to convince the union government in changing its decision to hold back the privatisation, as he is in alliance with BJP.

He reiterated that the Chief Minister shall only work for the development of the State prioritising state interests in the first place. Ambati Rambabu said that the Chief Minister even wrote a letter to the Prime Minister requesting to reconsider their decision and further suggesting the measures to reduce the losses of the steel plant. He asked why Chandrababu remained silent then, while the Union Government was considering disinvesting in Visakha Steel Plant.

Speaking in regard to local body polls, he said that YSRCP will win over 90 percent of the seats, and TDP will be confined to less than10 percent. The good governance by Chief Minister YS Jagan Mohan Reddy had achieved this victory, as people are very happy. He criticised Chandrababu Naidu for misleading the figures and confusing the people by spreading false information.