KTR Asks Centre Not to Sell Telangana’s Assets, Writes to Sitharaman

Alleging that the NDA authorities is planning to promote round Rs 40,000 crore price of Central authorities property in Telangana, IT and industries minister KT Rama Rao has demanded that the Centre withdraw such plans.

In a letter to Union Finance Minister Nirmala Sitharaman, the Telangana Minister stated, “As an alternative of promoting the property, the Union Authorities ought to discover the probabilities of reviving and strengthening the PSUs. If it isn’t possible then the State Authorities ought to be given a possibility to arrange new industrial models in such lands.”

KTR alleged that the Central Authorities’s plans to promote these property was nothing however making a mockery of State Authorities’s rights.

He alleged that the BJP Authorities was promoting Hindustan Cables Restricted, Hindustan Fluorocarbons Restricted, Indian Medicine and Prescribed drugs Restricted, HMT, Cement Company of India Restricted (CCI) and Ordinance factories in Telangana as a part of its disinvestment plans.

The Minister identified that many States, together with Tamil Nadu, had been strongly opposing the Centre’s strikes to promote PSUs arrange of their respective territories.

Lashing out on the Central Authorities for its makes an attempt to promote PSUs within the guise of disinvestment, he sought to know underneath what provisions or rights, the NDA authorities was considering the sale of PSUs arrange in numerous States.

“It’s unlucky that the Modi Authorities didn’t present job alternatives to the unemployed youth. If the PSUs had been reopened, they would offer direct employment to hundreds and not directly hundreds of thousands could be benefited,” KTR stated.

The State had allotted about 7,200 acres of land to those six firms. The worth of those lands could be about Rs 5,000 crore in keeping with the federal government charges and as per open market costs, the worth might be over Rs.40,000 crore, he claimed.

The State Authorities had allotted lands to those firms at marginal costs and in a couple of instances, they had been supplied without spending a dime, since organising of those models would generate employment to native folks, apart from facilitating industrial growth and when the Telangana authorities urged the Union Authorities to allot lands for the development of Skyways to enhance transportation in Hyderabad, the Centre demanded compensation as per market value, he claimed.

“On this context, how can the Central Authorities promote the lands that had been allotted by the State Authorities for organising PSUs,” the Minister requested.

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