Credit for VSP revival efforts go to CM Naidu, says TDP State president Palla

Visakhapatnam: TDP State president and Gajuwaka MLA Palla Srinivasa Rao on Friday said that recent breakthroughs in effort to revive Visakhapatnam Steel Plant are possible only due to Chief Minister N. Chandrababu Naidu’s “far-sighted and decisive” leadership. He cited the Ministry of Heavy Industries’ crucial decision to convert Rs2,400 crore in power dues into share capital, the Rs14,000-crore revival package jointly approved by the Centre and the State, the deposit of Rs9,500 crore into RINL accounts, and the restoration of the third blast furnace. He was speaking at a meeting of the Petitions Committee on the Comprehensive Land Survey held here under the chairmanship of Deputy Speaker Raghu Rama Krishna Raju.

Srinivasa Rao rebutted the narrative that the plant cannot function without captive mines, calling it “a politically motivated falsehood.” YSRCP and CITU leaders, he alleged, “choose not to see facts—only the falsehoods that serve their political ends.”