DMK flays Centre's "privatisation bid" in TN Assembly

Image
Press Trust of India Chennai
Last Updated : Jun 22 2017 | 7:02 PM IST
DMK legislators today urged the Tamil Nadu government to take steps to prevent the Centre's reported bid to "privatise" Kamarajar Port here and the Ordnance Factory in Tiruchirappalli.
While S Sudarsanam (Madhavaram MLA) opposed the reported move to privatise Kamarajar Port, Anbil Mahesh Poyyamozhi (Tiruverumbur) urged the government to put pressure on the Centre against privatising the Ordnance Factory.
Responding to the port issue,Chief Minister K Palaniswami said no report has been received either from Kamarajar Port or the Shipping Ministry.
He said only newspaper reports of June 19 had said that the Centre was going in for a "100 per cent sale" of its stake in the port.
"Steps are being taken to get a detailed report on this issue from the Union Shipping Ministry," he said.
Industries Minister M C Sampath said Niti Aayog had only sent a letter to the management of the Tiruchirappalli based factory to look into the feasibility of a Public-Private Partnership model for it.
Based on this, the employees have announced a protest on June 27 against any move to privatise it, he said.
However, he assured that the Centre "has not taken any decision," on privatising the 50-year-old plant.
"All steps will be taken" to stop the reported bid to privatise the Tiruchirappalli-based factory.
Elaborating, he said it was a "general decision," of the Centre to go in for either privatisation or Public Private Partnership with regard to loss-making or less profitable PSUs.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 22 2017 | 7:02 PM IST

Next Story