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AP has no stake in VSP, will go ahead with privatisation: Finance Minister

Finance Minister Nirmala Sitharaman expressed the government's resolve to privatise Rashtriya Ispat Nigam Limited (RINL) despite opposition from the Andhra Pradesh government and workers’ unions of the steel plant. This means that the Centre will go ahead with privatisation, not paying heed to the public opposition to its move.
 
“Strategic disinvestment of Government of India’s equity will lead to infusion of capital for optimum utilisation, expansion of capacity, infusion of technology and better management practices. This will result in higher production and productivity and expansion of direct and indirect employment opportunities,” Sitharaman said in a written reply to a question in the Lok Sabha on the proposed