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KTR Letter: That Rs 40,000 crore land should be given to Telangana: KTR letter to the Center

The News GlorybyThe News Glory
20/06/2022

State IT and Industries Minister KTR wrote a letter to Union Finance Minister Nirmala Sitharaman. In the name of withdrawal of investment .. He demanded the sale of assets of central public sector companies in Telangana. In view of the favorable business, commercial and industrial environment in the state .. They want to set up new industries and companies in the previously allotted lands, if not give them the opportunity to set up new industries in the same place. Apart from that, public sector companies in Telangana will definitely oppose any attempt to sell their assets and make money, the letter said.

The previous governments had given 7,200 acres to Hindustan Cables Limited, Hindustan Fluorocarbons Limited, Indian Drugs and Pharmaceuticals Limited, HMT, Cement Corporation of India Limited and Ordnance Factories. At current government prices, they are worth Rs 5,000 crore, while at market prices they are around Rs 40,000 crore. The physical assets of these companies are the right of the people of Telangana. Privatizing these will make our people feel like they are selling Telangana assets, ”KTR said in the letter.

Ignoring the many guarantees that Telangana deserves constitutionally .. KTR duyyabattaru that the center is selling their assets in the name of withdrawing investment in companies in Telangana. If land is asked for skyway projects to facilitate public transport in Hyderabad .. The Minister reminded that the Center has demanded compensation at market price. In that case, the right to sell the land given by the state government was denied to them. Many state governments, including Tamil Nadu, have strongly opposed the Centre’s attempt to sell off its public sector undertakings. The Center was advised to reconsider in this context.

KTR was incensed that the Center was selling a number of public sector undertakings, which were a symbol of national development and people’s self-respect, under the blockade. He said it was unfortunate that the Soi Modi government did not have the job opportunities that would have been created if public sector enterprises, which had directly employed thousands of people and indirectly employed millions, had been reopened. The letter objected that their aim was to sell off the companies that were the backbone of the country’s economy. Since coming to power, the Modi government has been telling stories without providing employment and job opportunities to the youth.

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