Jaggareddy Slams AP Parties: VSP Privatization a 'Drama' Amidst Protests

• Telangana Congress leader Jaggareddy criticized TDP, YSRCP, and Janasena, accusing them of "playing dramas" over the Visakhapatnam Steel Plant's privatization, despite their ties with PM Modi.
• The central government's 2021 decision for 100% strategic disinvestment remains unchanged, confirmed by DIPAM in December 2025, fueling ongoing protests by VUPPC, CITU, and CPI(M).
• Despite a Rs. 11,440 crore revival package announced in January 2025, demands for captive iron ore mines, crucial for VSP's financial viability, have been ignored by the center.
• VSP faces over ₹1000 crore annual losses due to expensive raw material procurement, unlike competitors with captive mines, while outsourcing tenders issued in 2025 raise "privatization in pieces" concerns.
• CM Chandrababu's past comments and YSRCP's inaction during its tenure are cited as examples of state parties' perceived failure to strongly oppose the privatization efforts.

Why It Matters: Jaggareddy criticizes AP parties for 'drama' as VSP privatization looms, fueled by central inaction and lack of captive mines.