Minister Accuses YSRCP of Misleading Public on VSP Issue
A senior minister from Andhra Pradesh’s ruling TDP-BJP alliance has accused the opposition YSRCP of distorting facts about the proposed privatization of Visakhapatnam Steel Plant (VSP). The allegations have intensified the political battle over the future of the struggling public sector unit.
YSRCP Spreading “False Narratives,” Says Industries Minister
At a press conference in Vijayawada, Industries Minister N. Amarnath Reddy claimed the YSRCP was “creating panic” by misrepresenting the Centre’s disinvestment plans for Rashtriya Ispat Nigam Limited (RINL), which operates VSP.
“The YSRCP is peddling lies that the plant will be sold without safeguards. The Centre is exploring partnerships to modernize VSP, not abandon it,” Reddy stated.
Why VSP Privatization is Controversial
Once Andhra’s industrial crown jewel, VSP now battles losses, outdated technology, and high costs. The Centre’s privatization push has triggered protests from unions and opposition parties, who fear job losses and economic damage.
The YSRCP, leading the anti-privatization charge, alleges the BJP-TDP alliance is “selling state assets to corporates.”
YSRCP Hits Back: “TDP-BJP Betraying Workers”
YSRCP spokesperson Ambati Rambabu countered, “Why sell a national asset? The government should revive VSP, not hand it to private players.” He accused Chief Minister Chandrababu Naidu of “complicity” in the BJP’s policies.
Workers Demand Transparency
Unions warn of protests if disinvestment proceeds without job guarantees. “We need clarity on wages and job security,” said union leader D. Adinarayana.
Political Stakes Ahead of 2024 Elections
Analysts say the VSP issue could sway voter sentiment in North Andhra, where the plant is a major employer. “This debate is about livelihoods and regional pride,” noted political expert K. Srinivasulu.
What’s the Next Step?
The Centre may seek a compromise, like partial disinvestment with government retention. Meanwhile, the war of words between YSRCP and TDP-BJP continues, leaving workers in limbo.
Stay updated on this developing story.
