CITU DENOUNCE THE GOVT ON A SELLING SPREE OF NATIONAL ASSETS THROUGH PRIVATISATION OF CPSUs

22nd September 2016


Calls upon workers to Fight and resist Privatisation Spree of the Modi Government


The Modi Government has decided to privatise 22 CPSUs under its derogatory policy of ‘strategic sale’. The list includes the plants of Maharatna SAIL located at Salem, Durgapaur and Bhadravati, subsidiary units of IOCL, Helicoper Corporation, Cement Corporation, National Jute Manufacturing Corporation, Bharat Wagon & Engineering, Central Electronic Corporation, Burn Standard, Heavy Engineering Corporation and more. In the meantime the Government initiated steps to privatise 67 discovered oil fields of ONGC and Oil India Ltd. Sale of Land and other assets of CPSUs are also included in the disastrous move. It may be recalled that the NITI Aayog has submitted a list of 74 CPSUs to the PMO for privatisation and the list includes many profit making CPSUs. The Modi Government has incorporated in the current budget to collect Rs. 56,500 crore by selling out many excellently performing CPSUs.

The Government has declared that these onslaught against public sector is their ongoing policy. The serious dimension of the attack must be understood coupled with the Government policy of 100% FDI in almost all key sectors including Defence, Coal mining, Petroleum, Power sector, Telecom, Civil Aviation, Construction, Insurance, Banking, Railways etc. It appears, the national assets are being put on sale to private hands, both domestic and foreign.

CITU strongly opposes the mindless privatisation spree and condemn the Modi Government for its suicidal policy which will shift strategic control of the national economy to the dangerous grip of the private big businesses within the country and abroad. CITU expresses serious concern that the current move of the Government shall endanger the economic sovereignty of the country.

CITU welcomes the encouraging development of the workers launching instantaneous protest actions against the current announcement on privatisation by the Government. The workers of Salem Steel Plant staged strike action on 22nd September 2016 and the strike was total since the first shift; militant demonstrations are taking place in Bhadrabati Steel in Karnataka, Alloy Steels Plant at Durgapur and also in Rourkela Steel in Odisha. In other PSUs also, preparation for similar protests are going on.

CITU urges upon the Modi Government to take note that the 2nd September 2016 strike participated by around 18 crore workers and toiling people at the call of the Central Trade Unions of the country pressing for the 12-point Charter of Demands which also includes stoppage of privatization of CPSUs. Government must stop the privatisation move and resume dialogue with the central trade unions immediately.

CITU appeals to all trade union centres and entire public sector trade movement in particular irrespective of affiliations to immediately launch countrywide united protest propaganda, campaign and action to save public sector from the onslaught of privatisation and thereby protect the economic self-reliance and sovereignty.

Issued by
( Tapan Sen )
General Secretary

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