Summary:
“The role of the public sector cannot be emphasized enough,” says the professor. The role of the public sector in Visakhapatnam cannot be underestimated going by the outrage at the government’s plan to divest its majority stake in the Dredging Corporation of India Ltd (DCIL). “And most of the PSU jobs are well-paying and stimulate consumption in the city. We could not sit quietly while the government handed over the company to a private party,” says Ch Narasinga Rao, president of the AP unit of CITU, a trade union. It recently hired 573 junior trainees to replace its retiring employees..