PSUs in J&K: Congress opposes privatization move

Jammu: Jammu and Kashmir Pradesh Congress Committee (JKPCC) on Thursday lashed out at the Union Territory administration for the privatization and auctioning of the industries and assets of the J&K industries Ltd, J&K minerals and J&K Cements, besides closing down of the SICOP.

In a statement JKPCC has termed the decision as ‘unfortunate’ and against the interests of the employees and the larger interests of the people.

“The government of India and the government of Jammu and Kashmir are on the auction spree of all government PSUs,” JKPCC said.

JKPCC Spokesperson has termed the move as the result of the “failures to put in the best experts and professionals to manage these organizations and it would further shrink the chances of employment to youth besides affecting large employees of these organizations.”

The party has asked the government to review the decisions to save assets of the government and to create more job opportunities rather than shutting down the job opportunities. “Such decisions are not acceptable to the people especially youth,” JKPCC said.