An all-party meeting chaired by Lok Satta Party National president Jayaprakash Narayan urged the Government to annul privatisation of the four units of Nizam Sugar Factory Ltd and take them over.
Lok Satta Party and the Federation of Independent Farmers’ Associations jointly organised the all-party meeting here on Friday to highlight this demand. The meeting also passed a unanimous resolution against the privatisation of NSL as recommended by the House Committee and endorsed by the Advocate General and the High Court.
Later a delegation led by Mr. Jayaprakash met the Chief Minister N.Kiran Kumar Reddy and submitted a representation in this regard. Eventually it could hand over the units to farmers if they form a producers’ company.
“It is sad that the most valuable public sector sugar factories in Telangana were allowed to be in the illegal possession of the private party,” he said. The government should act immediately to protect the interests of farmers, he said. H said that the Government parted with NSF assets worth Rs.500 crore without receiving a single rupee against the sale price and offered concessions worth about Rs.300 crore to Delta Paper Mills besides paying Rs.12 crore as VRS compensation to employees in 2002.
The House Committee appointed in 2004 pointed out that NSFL’s joint venture agreement with DPM was deceitful, irregular and defective.
The all-party meeting was attended by former minister G. Chinna Reddy, TRS MLA Padma Devender Reddy, senior Congress leader Kodanda Reddy, YSRC leader Gattu Ramachandra Rao, CPI (M) Secretariat member Malla Reddy, AP Rythu Sangham general secretary R.Venkaiah, Nizam Sugar Factory Protection leader M.Appi Reddy among others.
Lok Satta Party chief Jayaprakash Narayan chairs the meeting