CPI demands Centre’s statement on allocation of captive mines for VSP

CPI demands clarity on VSP's future, criticizes Modi government's handling of PSUs, plans centenary celebrations with rally and seminar.

The CPI, during its national executive meeting which concluded on Friday, adopted a unanimous resolution demanding that the Centre should make a categorical statement on the allotment of captive mines for the Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), and its merger with the Steel Authority of India Limited (SAIL).

The CPI national executive discussed the strategic sale of VSP proposed four years ago, apart from other issues pertaining to the nation and A.P.

Addressing the media after the conclusion of the national executive, CPI national general secretary D. Raja alleged that the Modi government was keen on handing over profit-making PSUs to the corporates.

“The ₹11,440 crore package to VSP is not a permanent solution to put the steel plant back on the road to recovery and profits, he said.

Contrary to the claims of the BJP-led NDA government, the economy was in a bad state with low growth rate, high inflation and devaluation of the rupee in the international market.

Mr. Raja said the yearlong centenary celebrations of the CPI would culminate in a big rally in Khammam on December 26. This will be preceded by an international seminar in Vijayawada on December 24 and 25.

CPI State secretary K. Ramakrishna, assistant secretary J.V. Satyanarayana Murthy, national executive member Azeez Pasha and district secretary M. Pydiraju were present.