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TDP opposes plan to restructure 30 PSUs

Special Correspondent

Vijayarama Rao, Venugopalachary accuse Government of taking people for a ride


  • Decision to include profit-making SCCL in restructuring programme flayed
  • Government determined to do away with certain undertakings, say leaders
  • Telugu Desam initiated reforms with a human face, says Vijayarama Rao


    HYDERABAD: Telugu Desam Party has asked the Government to drop its proposal to restructure 30 public sector undertakings and major cooperatives in the next three years.

    Reacting sharply to Cabinet's approval of the restructuring process, TDP leaders K. Vijayarama Rao and S. Venugopalachary accused the Government of taking people for a ride by `privatising and closing down' the PSUs and cooperatives in the name of restructuring.

    They termed as `unfortunate' the Government's decision to include profit-making Singareni Collieries Company Limited (SCCL) in the list of PSUs for restructuring. TDP would oppose any move to privatise SCCL and jointly agitate with the workers, they declared.

    Addressing a press conference here on Saturday, they stated that the move clearly indicated the Government's determination to do away with certain undertakings and cooperatives under the guise of reforms. Claiming that reforms initiated by TDP had partly succeeded, they said the effort then was to improve the functioning of State-run undertakings.

    The TDP leaders admitted that the reforms during their tenure may have hurt some and even led to retrenchment. But the TDP regime's effort then was to initiate a turnaround in the undertakings which incurred losses. "It may be true that workers might have been displaced and companies closed, but we had initiated reforms with a human face", Mr. Vijayarama Rao added.

    He alleged that the Government wanted to shut the undertakings and wondered whether reforms could be introduced in small corporations and cooperatives.

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