VSP workers stage protest as Centre speeds up privatisation process

Visakhapatnam, July 8:

The issue of notifications by the Department of Investment and Public Asset Management (DIPAM) of the Union Finance Ministry seeking request for
proposal (RFP) for engagement of a legal advisor and a transaction advisor for 100 per cent strategic disinvestment of RINL and its stake in its subsidiaries and joint ventures has triggered protests at the Visakhapatnam Steel Plant on Thursday.
It may be recalled that the Cabinet Committee on Economic Affairs (CCEA) has in principle approved the 100 per cent divestment of government shareholding in RINL.
Workers of the VSP and trade union activists gathered at the main gate of the plant and raised slogans against the move to speed up the privatisation process.
The agitating workers vowed not to allow anyone to enter Visakhapatnam for the purchase of the steel giant. They urged the State government to mount pressure on the Centre to drop the privatisation plan.

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