VSP privatisation a strategic decision, says P.V.N. Madhav

Employees’ interests will be protected, says BJP leader

The Union government has taken a strategic decision to divest its stake in the Visakhapatnam Steel Plant (VSP) and 25 other PSUs across the country, according to BJP State general secretary and MLC P.V.N. Madhav. “Disinvestment is the order of the day, not only in India but across the globe,” Mr. Madhav said while addressing the media conference here on Thursday. The interests of the VSP employees would be taken care of, and efforts would be made to protect the rights of the displaced persons, he added, and accused the YSRCP of misleading the VSP employees.