The 24 hours working department of the Government of India, Department of Disinvestment, is now proposing to disinvest Defence PSUs also, which are of high security concerns. It has now proposed 10% disinvestment for Hindustan Aeronautics Limited (HAL), one of the biggest aeronautical companies of the East. It is a Navaratna Company and manufacturing planes and fighters for the defence of the country.
The Government is also proposing to further disinvestment 5% in Bharat Heavy Electricals Ltd(BHEL) ,another defence PSU, where 25.28% has already been diluted. The Bharath Earth Movers Ltd(BEML) also face the same situation.
Earlier, these defence connected PSUs were not touched. Now the Government wants to disinvest and sell those also. The agreement between USA and India on defence purchases are increasing every day. Instead of depending on foreign purchase, the Government has to try to manufacture more and more from the PSUs and the Indian companies. But on the contrary the government is trying to kill our own PSUs.The workers of these PSUs are on struggle path. We should give solidarity and support to these justified struggles.