Centre writes letter to MP Galla Jayadev over Visakhapatnam Steel Plant
In a written reply to TDP MP Galla Jayadev, Union Minister Anurag Thakur said that the Cabinet Committee on Economic Affairs (CCEA) had taken a decision to disinvest 100 per cent stake in the Visakhapatnam Steel Plant (VSP). He said that disinvestment will result in higher production and creation of more direct and indirect employment opportunities.
The minister pointed out that strategic sale of the VSP will not affect the existing employees and stakeholders. Employees and workers of the RINL are staging protest opposing the privatisation of the steel plant.