SME Times is powered by   
Search News
Just in:   • Indo-Nepal trade: Let's Wait for the Dust to Settle   • India-US tariff stalemate likely to be resolved in 8-10 weeks: Chief Economic Advisor  • PM Modi-Trump phone call 'moment of bonhomie', says former senior Indian official  • India ready to take relationship with EU to next level: PM Modi to Ursula von der Leyen  • India's efforts to shape sustainable future across region lauded at East Asia Summit event 
Last updated: 25 Jan, 2023  

SAIL.Thmb.jpg Workers oppose move to privatise VISL

SAIL.Resize.jpg
   Top Stories
» India's contribution to global GDP growth to reach 9 pc by 2035: Govt official
» Centre to help ITIs become AI-driven training centres: FM Sitharaman
» Sensex, Nifty make strong gains amid positive cues after US Fed rate cut
» US Fed decision paves the way for RBI to go for more rate cuts: Analysts
» Piyush Goyal to embark on 2-day UAE visit today
IANS | 25 Jan, 2023
Thousands of workers of public enterprise Visvesvaraya Iron and Steel plant, (VISL) run by the Steel Authority of India Limited (SAIL) have opposed the move to privatize it.

While staging a protest on the premises of VISL on Tuesday, the workers accused SAIL of adopting a step-motherly approach towards the company. Without making any investment, VISL has been claiming that the factory is continuously under losses. On the other hand, SAIL is making huge investments in other factories, they said.

The VISL was started by the Mysuru Maharajas in 1917. In 1923, the production started. The factory was one among the major iron and steel producers in the country.

However, the trouble began when environmentalists started their agitation in the Kemmangundi forest area, where mining was done. The mining was stopped following the agitation and the factory started incurring losses.

In 1989, the state government, unable to bear the burden, handed over the VISL to the SAIL just for Re 1. The state government had insisted SAIL to make investments and put the finances on the right track and handed over the complete charge of VISL to SAIL by 1998.

The factory which had thousands of workers, now has 250 permanent employees and 1,500 contract workers. VISL Contract Workers Association Suresh explained that former CM B.S. Yediyurappa, who hails from Shivamogga district and his son BJP MP B.Y. Raghavendra had given tall assurances about bringing investments to the factory and are now tight lipped.

He further said that the 1,500 contract workers had worked in the factory for 20 to 30 years and presently they are aged between 45 and 50 years. They will have nowhere to go, he added. VISL factory is one of the best in the country. Instead of locking or privatizing it, all MPs from Karnataka, especially from BJP have to meet Prime Minister Narendra Modi and convince him to save VISL, he added.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter