INTUC against disinvestment of public sector units - ALLCGNEWS

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28 October 2010

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INTUC against disinvestment of public sector units



Kolkata, Oct 27 (PTI) Opposing disinvestment of profit-making public sector units, Congress-affiliated trade union INTUC today questioned why Coal India was disinvested.

"We are against disinvestment of profit-making public sector units. If the government wants to disinvest PSUs making loss there is no problem, but profit-making companies should be kept away," INTUC national president G Sanjeeva Reddy told a press conference here.

Stating that coal is a profit-making sector, he asked why disinvestment was made there. "I have spoken to the Prime Minister on this and he has agreed in principle that disinvestment should not be made in profit-making public sector units."

Regarding Coal India, the Prime Minister told him that government had sold only out 10 per cent share and it would not be increased further, Reddy said



Source: PTI
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