STOCK MARKET BSE NSE

Reconsider decision to privatise PSUs: Tamil Nadu CM MK Stalin to PM Narendra Modi

Stalin also pointed out that the Union Government could take such decisions only after consulting the State governments as well as those connected with the PSUs.

Published: 04th September 2021 08:08 AM  |   Last Updated: 04th September 2021 08:08 AM   |  A+A-

Tamil Nadu CM MK Stalin

Chief Minister MK Stalin. (Photo | EPS)

By Express News Service

CHENNAI:  A day after expressing serious concern over the Union Government's move to privatise Public Sector Undertakings (PSUs) under the National Monetisation Pipeline scheme, Chief Minister MK Stalin on Friday wrote a letter to Prime Minister Narendra Modi urging him to reconsider this move. 

Stalin also pointed out that the Union Government could take such decisions only after consulting the State governments as well as those connected with the PSUs. "The PSUs are the assets of the people of this country and many of them play a key role in sustaining India as an industrialised and self-reliant country. Along with the lands owned by State governments, people had also given their lands for establishing these PSUs.  Hence, the people take pride and have rights over these undertakings," the Chief Minister said in his letter to the Prime Minister. 

Wondering what kind of impact the privatisation move might have on the nation's economy, lives of the employees of the PSUs concerned and the MSME industries which depend on these PSUs, the Chief Minister said, "Whatever be the name given to the privatisation move, in the prevailing economic situation of the country, it would only pave the way for these invaluable public assets going under the control of corporate houses or to a few groups."



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp