PIL Filed in High Court against RINL VSP Privatization
Local media reported that retired IPS officer and former CBI JD Mr Lakshmi Narayana has filed public interest litigation in the high court challenging the
Local media reported that retired IPS officer and former CBI JD Mr Lakshmi Narayana has filed public interest litigation in the high court challenging the privatisation of the Visakhapatnam Steel Plant. The petition sought to quash the privatization decision taken by the Union Cabinet. The petition states that the industry can be made profitable through alternative means and that privatisation is not the solution to the problem.
Mr Lakshmi Narayana has been in touch with the leaders and activists agitating against the privatisation of the steel plant. He has held a series of meetings with leaders like Ganta Srinivasa Rao in this regard.
A few days ago, the former CBI JD wrote a letter to Prime Minister Narendra Modi on the issue. While supporting the Centre’s decision to privatise loss-making public sector undertakings in general, he pointed out that Visakhapatnam Steel Plant has its own uniqueness as it has been running with modern machinery and with international standards.