One of the most important agenda of the Modi Government, it seems, is disinvestment, privatisation and closure of the Public Sector Units in the country. One after another almost all the PSUs are being disinvested. And now the closure has started. 6 loss making PSUs are going to be closed. They are: HMT Watches, HMT Chinar Watch, HMT Bearings, Hindustan Cables and Tungabhadrea Steel Limited and Hindustan Photo Films.

The policy of both UPA and NDA governments are to privatise all the PSUs.  The method is first to make them in loss through various methods and then close them. This is what is happening to these 6 companies. They were good, profit making PSUs which helped the nation’s growth. Now they will be sold as waste.

Pandit Jawaharlal Nehru, the first Prime Minister, while inaugurating ITI declared that ‘the Public Sectors are the temples of Modern India’. Now the declaration of former Manmohan Singh Government was and present Modi Government, is one and the same:” WE WILL CONVERT ALL THESE MODERN TEMPLES IN TO CEMETERIES”.

Are the people of the country, the working class, going to accept this non-sense? No. The l fight for the correct policies and strengthening of PSUs will continue.