The Communist Party of India general secretary D Raja on Sunday urged Prime Minister Narendra Modi to reconsider the move to privatise the National Aluminum Company Ltd (NALCO).
In his letter to Modi, the CPI leader said that profit making NALCO should not be disinvested and Government must concentrate on technology upgradation of the public sector company.
“We vehemently oppose the disastrous plan of your government to implement 100 per cent strategic disinvestment in National Aluminium Company Ltd (NALCO) by way of privatisation.
NALCO is a Navaratna company under the Ministry of Mines, Government of India. Nalco, established in January 7, 1981, has been the top most CPSE, producing and exporting high quality Alumina and Aluminium for the last 40 years. I want to draw our attention to the fact that there is widespread resentment among the people and workers in particular to the anti-worker and anti-people move.
“It is also a fact that NALCO, since inception has been making profits and continues to have a consistent track record in production, productivity, technology upgradation, etc. It is the highest foreign exchange earner CPSE in the country.
The CPSE has been giving sizable share of dividends to national and state exchequers as well as to the shareholders.In the light of the above fact, I request you to reconsider the move in the best interests of the country, workers and people,” said Raja