Deve Gowda urges PM to instruct Steel Ministry to drop VISL closure proposal

Bengaluru: Former Prime Minister H D Deve Gowda has written to Prime Minister Narendra Modi requesting him to instruct the Ministry of Steel and the Steel Authority of India Limited (SAIL) authorities to drop the proposal for closure of Visvesvaraya Iron and Steel Limited (VISL) at Bhadravati.
The JD(S) supremo also has urged the Prime Minister to do the needful for the revival of VISL. “Sir, with my knowledge on the potential of the workforce and the prevailing working culture at VISL, I sincerely hope that with a few crores of investment, this company can be transformed as a profitable venture and can further contribute to the development of “Atma Nirbhar Bharath” by catering to the varied departments like Defence, Nuclear, Automobile, Railway sectors etc.,” he said.In the letter dated January 15, the former Prime Minister says that he has come to know that under the Central Government’s disinvestment policy feature, in non-strategic sectors, Central Public Sector Enterprises (CPSEs) will be privatised, otherwise shall be closed, and accordingly the SAIL management has started the closure activities of VISL.