CPI(M) criticises State govt. over Gangavaram Port sale
The Communist Party of India (Marxist) State secretary Penumalli Madhu has criticised the State authorities’s determination to half with its 90% stake within the Gangavaram Port related to the Visakhapatnam Steel Plant(VSP).
At a press convention right here on Wednesday, Mr. Madhu mentioned whereas the State authorities appeared to oppose the privatisation of the VSP, it was astonishing to see it parting with its stake within the port, an integral a part of the VSP as all of the uncooked materials and completed merchandise are dealt with right here.
“Why is the government bent on selling its stake to Adani, who was acquiring the 10% stake in the Gangavaram Port from D.V.S. Raju,” questioned Mr. Madhu and threatened to launch a Statewide strike if the State authorities didn’t reverse its determination on the port.
The Adanis had already taken management of Krishnapatnam, Bhavanapadu, and Machilipatnam ports and Chief Minister Y.S. Jagan Mohan Reddy should cease the onslaught of privatisation, he mentioned.
“People voted the YSRCP to power with a thumping majority to have a proper State capital and Special Status, not to lose their public assets,” he mentioned, including that the get together that raised a hue and cry in regards to the points after the bifurcation was not bothered about them after coming to energy.