Opposition to Nalco disinvestment gathering momentum in Orissa


BHUBANESWAR: The Union government’s move to disinvest 10% of its share in the Navratna public sector unit National Aluminum sheet Company Limited (Nalco) appears to have hit the road blocks with political parties and employees’ unions strongly protesting against it.

The ruling Biju Janata Dal [BJD] has threatened to launch state-wide agitation over the issue.

Besides, several political parties such as Bharatiya Janata Party, let parties and trade unions have also warned similar protest activities if the Centre did not refrain from its disinvestment proposal.

“The Centre’s bid to disinvest 10% of its equity in the blue-chip PSU is yet another example of its step motherly attitude. The BJD will not certainly tolerate it and protest it tooth and nail,BJD youth wing convenor Sanjay Dasburma said here on Thursday.

Chief Minister Naveen Patnaik on Tuesday had also resented the disinvestment bid saying that it is not right move.

The BJP state president, Jual Oram, has warned his party would also launch a state-wide agitation against disinvestment proposal of Navaratna PSU.

CPI state secretary, Mr Dibakar Nayak, in a separate statement, criticised the government for disinvesting the PSU.

“Our party would oppose it and never allow fulfil the Centre’s mission, he said. The Centre of Indian Trade Unions (CITU) state unit has also announced to stage a dharna in front of the Raj Bhawan on May 18 to oppose the government’s move.

“We are going to hold a dharna on May 18. This will be followed by agitation across the state over the issue, said state CITU president Mr Lambodar Nayak.

The Congress in its reaction criticized the ruling BJD for opposing the disinvestments of Nalco.

Not to lag behind, Nalco Non-Executive Employees’ Union (NNEU) and Nalco Employees Sangha (NES) have also threatened to launch massive agitation.

“The Union government plans to raise Rs 2,000 crore from 10% disinvestment for setting up new projects in Andhra Pradesh and Indonesia. Since the PSU has enough fund at its disposal to meet the project costs, there was no need for disinvestment, NNEU secretary Amar Behera and NES general secretary Nirmal Kumar Samal said.

The union government has 87.15% stake in the PSU. The union government wants to disinvest about 10% of its stake in the aluminium major to raise funds for social sector development.

Posted in Industry.