Posted on March 22, 2018
Mumbai-based Protocol Insurance Surveyors and Loss Assessors Pvt Ltd, an asset valuer has started assessing the assets of the Dredging Corporation of India (DCI) to go ahead for strategic sale of its equity. The asset valuer visited DCI in Vizag on Monday and they will finish the work by Tuesday evening.
Ignoring the protests from the employees and political parties, shipping ministry has selected the asset valuer for the strategic sale of the state-owned company. The employees of the DCI under the banner of the CITU on Monday staged a protest and raised slogans such as “DCI Valuer Go Back”. The CITU leaders led by R.K.S.V. Kumar and M. Jaggu Naidu said that the DCI is a profit-making schedule. Since its inception as a wholly-owned government of India undertaking, with the primary objective of catering to the dredging requirements of ports in the country, it has been earning a net profit without fail.
But, Prime Minister Narendra Modi led BJP government has been trying to privatise all the PSUs for the benefit of few industrialists. The leaders also alleged that the assets of DCI would cross over Rs 6,000 crore where as the asset valuer is likely to assess the assets worth Rs 1,400 crore only, they added.
Source: Deccan Chronicle
