The Hindu Business Line : NMDC disinvestment opposed

The Centre's move to disinvest 15 per cent of its share in the National Mineral Development Corporation (NMDC) to private agencies, has been opposed by the Corporation's Worker's Federation.

The All-India NMDC Worker's Federation in a statement said here on Saturday this might be the beginning of further disinvestments, because the Government can disinvest up to 49 per cent without the sanction of the Parliament.

"We oppose the move. It is nothing short of a gradual privatisation of NMDC and all this is being done to help the private steel manufacturers," the Federation President and Rajya Sabha MP, Mr Gurudasdas Gupta, and General Secretary, Mr S.Q. Zama, said in the statement. In protest, the Federation plans to observe a one-day strike on July 9 and resort to indefinite strike from August 4, if its move to persuade the Government to withdraw the decision fails, they said.

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