CSL will not be privatised: Union Minister

CSL will not be privatised: Union Minister

Union Minister Pon Radhakrishnan today said the Cochin Shipyard Limited, a leading ship building and ship repairing company in the country, will not be privatised.

The minister of state for shipping gave this assurance during an interaction with trade unions and associations of CSL here, a CSL spokesperson said.

During the meeting, the unions voiced their concerns about the CSL’s Initial Public offering (IPO) proposal, citing that it is the first step towards privatisation of the yard.

The unions also highlighted their concerns regarding lack of sufficient orders for the shipyard.

“The minister categorically assured the unions during the discussion as also during the speech that CSL will not be privatised,” a CSL spokesperson said. Read More…





Credit By: The Times Of India

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