Revoke decision to privatise steel plant: HRF

The Human Rights Forum (HRF) has strongly opposed the recent in principle approval by the Cabinet Committee of Economic Affairs (CCEA) for 100% disinvestment of the Rashtriya Ispat Nigam Ltd (RINL, Visakha Steel Plant, VSP).

โ€œWe condemn this attempt to hand over the VSP, lock stock and barrel, to corporate entities on a platter. VSP is our nationโ€™s first shore-based integrated steel plant that came into being following a sustained campaign by the people of the State. That agitation also resulted in the death of 32 people,โ€ said V.S. Krishna, HRF, AP&TS Coordination Committee member. โ€œOver the decades, various governments have followed policies that led to a huge cost of production burden. VSP is the only steel PSU that does not possess captive iron ore mines,โ€ said K. Sudha, HRF State general secretary.

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