DMK leader M. Karunanidhi on Saturday opposed the Centre’s decision to disinvest the shares of the Public Sector Units including Salem Steel Plant, alleging that it was part of the BJP-led government’s plan to open the gates for private operators.
“The BJP government’s proposal has lent credence to the idea that is seeking to impose Hindutva as a political ideology and capitalism as an economy,” said Mr. Karunanidhi in a statement.
Recalling the efforts taken during the DMK regime, Mr. Karunanidhi said the ruling AIADMK should act immediately to prevent the Centre from going ahead with its proposal.
He said the Salem Steel Plant was providing direct employment for over 2,500 employees and indirect job opportunities to over 5,000 workers and the privatisation process would affect the livelihood of thousands of workers. “It generated a Rs. 100 crore profit between 2003 and 2010 and its burden increased only after the launch of Rs. 2,000 crore plant. Moreover, shifting its headquarters to Kolkata led to losing many valuable customers,” he said, adding that instead of privatising the plant, the government should leave it to the administration of efficient officials.
The DMK leader said the Centre should also diversify the activities of the steel plant and it should be allowed to produce electricity. “It is capable of producing a unit for Rs. 4 while it will cost Rs. 7 in the private sector. A railway coach factory should also be set up in Salem,” he said.
Says it is part of BJP-led government’s plan to open the gates for private operators
