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Jaya condemns Centre's disinvestment plans in NLC

Written by: Staff
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Chennai, July 3 (UNI) AIADMK General Secretary and former Tamil Nadu Chief Minister J Jayalalithaa today condemned the Centre's decision to disinvest ten per cent equity in the Neyveli Lignite Corporation (NLC) and pledged support to the striking employees.

In a message, she wished trade union leaders success in their fast and indefinite strike to be launched from tomorrow.

Calling upon trade union leaders to continue the stir till the Centre withdrew its decision on disinvestment, Ms Jayalalithaa said all trade unions, cutting across party lines, should fight unitedly.

Expressing her inability to join the fast, she said though she could not make it, she fully supported the fasting workers.

Ms Jayalaliathaa said she had always opposed disinvestment in NLC and firmly believed that disinvesting profit-making public sector undertakings was deterimental to the interest of the state.

Ms Jayalalithaa released to the media, a copy of her letter as Chief Minister to the Prime Minister opposing the Centre's move on disinvestment in NLC.

In the July three, 2003, letter, she had said her government was opposed to disinvestment and sought the intervention of then then Prime Minister to ensure that the NLC continued to operate in the public sector fold.

She said the company employed 20,000 persons and formed an important part of the infrastrcuture backbone of the state. ''NLC has been a profit making organisation and reported a profit of Rs 819 crorees in 2001-02 and a provisional profit of about Rs 850 crores in the Financial year 2002-03. It is necessary to retain the prestigious company within the folds of the public sector,'' Ms Jayalalithaa had said in the letter.

UNI WS AJ RR ND1528

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