Monday, August 19, 2019

Salem Steel Plant privatisation

Make in India lion made with Salem stainless steel

It will be wrong to privatise Salem Steel Plant.
SSP produces high quality stainless steel. It is known in every house in India. 
SSP can take on competition from Tata and Jindal. 
SSP is dependent on its market and trusted financers for its running. It is not a loss making firm in the long run.
If a boost is given by the government of India, SSP can make profits.
Privatisation may create job losses of many in SSP. This is undesirable and may cause unrest.


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