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HYDERABAD: The Centre of Indian Trade Unions (CITU) has criticised the United Progressive Alliance (UPA) Government for allowing heavy foreign direct investments (FDI) in profit-making public sector undertakings.

Addressing a meet on `Oppose FDI and disinvestment' here on Wednesday, Mr R. Sudhabhaskar, CITU's State Secretary, said the UPA Government had promised that it wouldn't allow disinvestment in profit-making PSUs.

He also faulted the Government for inviting FDI into the insurance sector.

(This article was published in the Business Line print edition dated February 24, 2005)
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