The central government’s decision to withdraw government investment in the Visakhapatnam steel plant and privatize it, is causing political turmoil in the AP. Recently, TDP national general secretary Nara Lokesh wrote a letter to CM Jagan on the issue. He said the privatization of the Visakhapatnam steel plant should be stopped.
Lokesh said the Visakhapatnam steel plant has a history of more than 50 years and the Visakhapatnam steel plant is a pride of the Andhra people. He explained that when a similar proposal was made in the year 2000, the then TDP government acted effectively and prevented it. He emphasized that steel is one of the key industries in India and by 2032 the Visakhapatnam Steel Plant will be the largest steel producer.