Rajya Sabha: YSRCP MP Vijaya Sai opposes bill allocating mines only to private steel firms
During the discussion on the Mines and Minerals (Development and Regulation) Amendment Bill 2021 in Rajya Sabha on Monday, YSRCP MP Vijaya Sai Reddy opposed the allocation of mines only to private steel companies. He stated that first priority should be given to public sector undertakings while allocation of captive mines to steel companies.
Only after the meeting the requirements of the PSUs, mines should be allocated to private firms, he mentioned. The MP demanded the Central government to allocate captive mines to the Visakhapatnam Steel Plant (VSP) and covert the VSP’s debt into equity so that privatisation can be avoided.