VSP privatisation only in consultation with stakeholders, says G.V.L. Narasimha Rao
The HinduThe move to privatise Visakhapatnam Steel Plant will be taken forward only in consultation will all its stakeholders, who included its employees, BJP Rajya Sabha member G.V.L. ‘VSP will benefit’ Reiterating Prime Minister Narendra Modi’s view that “the government has no business to do business,” Mr. Narasimha Rao said privatisation was for the benefit of the VSP. Taking a dig at the State government, Mr. Narasimha Rao said that on the one hand it was welcoming POSCO to set up a plant in Krishnapatnam and on the other it was opposing VSP privatisation for political mileage. Meanwhile, members of the Visakha Ukku Parirakshana Committee condemned Mr. Narasimha Rao’s statement that industries would prosper after privatisation. On Mr. Narasimha Rao’s statements that China had prospered after privatisation, Mr. Narasinga Rao said that about 90% of sectors come under the government’s purview in that country.