Naidu back to his old ways of disinvestment

Chandrababu Naidu is at his old ways of closing down Public Sector Units (PSUs) and allotting them to his associates at throwaway prices and has initiated the process by issuing GOs to this effect but YSR Congress will fight tooth and nail to avert such an activity, the Party MLA G Srikanth Reddy told reporters here on Monday.

“Weakening the PSUs and handing them over to close associates for a very meager consideration has been his wont and this time around he has issued GOs to weed out Sugar factories from the public sector.

To call the dog mad, before killing it, he has constituted a committee with members who are very close to him. Two of them are owners of a Sugar Factories, one in Andhra Pradesh and the other from Telangana state. The third one represents a Chartered Accountancy firm which is closely associated with NTR Trust.

This makes his intention very clear, the committee will give a report in favour of the closure or selling out as he has done in the past. Chandrababu Naidu has the dubious distinction of closing down 54 PSUs against the national figure of 84 in the process of disinvestment,” he said.

The GOs 289 and 290 are aimed at shutting down sugar factories to benefit his associates who are in the same business and giving away the precious land and factory at very cheap prices.

We will not allow this and will take up the issue of disinvestment and transfer of PSUs into private hands and question the State for concentrating more on commercial issues leaving its core promises of loan waiver and other welfare schemes in the lurch.

Chandrbabu Naidu’s son Lokesh has become an extra-constitutional authority he said adding that commercial interests are placed ahead of welfare measures.