Search the Internet          Tips  Sites: Finance, Investment

NFL and BHEL to be privatised soon: Patwa

After Balco in Chhattisgarh, the National Fertilisers Limited and Bharat Heavy Electricals Limited in Madhya Pradesh, are on the list of units that would be privatised soon, Union Minister for Mines Sundarlal Patwa said on Saturday.

He told reporters the prolonged strike in aluminium major Balco, in protest against its privatisation, had caused maximum damage to its employees and severely hit the economy of Korba where it is located.

He said, "the move to privatise Balco was first made by Narasimha Rao government and later endorsed by the governments of H D Deve Gowda and I K Gujral."

However, the actual divestment took place under the Prime Ministership of Atal Bihari Vajpayee, giving the impression that it was the BJP that initiated the divestment in Balco, he said.

The union minister said that his party was strongly of the view that it was not the job of the government to run business of any kind.

"It is the job of the government only to run the administration and not keep itself occupied with running any business," Patwa added.

Tell us what you think of this report