Recently, TDP chief Chandrababu wrote a letter to Prime Minister Narendra Modi seeking to halt the Visakhapatnam steel plant privatization process.
He said that the Visakhapatnam Steel plant was at a loss due to the lack of its own mines and high-interest rates on loans.
He said the industry would get back to its previous stage if either the central government or the state government allocate its own mines.
Chandrababu said that in the past, all the Telugu people, irrespective of caste and creed, united and fought for the Steel plant movement.
He added that 32 people lost their lives in the movement. In the letter, Chandrababu appealed that ‘The central government under your leadership has identified steel as a strategic sector. Visakhapatnam Steel is one of the largest steel industries in the country. Its land value ranges from Rs 1.5 lakh crore to Rs 2 lakh crore. Instead of privatization, look for alternative ways to bring back its glory.’