Modi govt privatisation plan to create monopoly: Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday criticised the Central government’s scheme to monetise its assets across key sectors, saying the Modi dispensation is in the process of selling India’s “crown jewels” built by previous governments with public money over 70 years.

While addressing a press conference with former Union finance minister P Chidambaram, he said the BJP has claimed that nothing happened in India for 70 years, but now all assets created in all these years are being sold.

Rahul Gandhi alleged that the Narendra Modi government’s privatisation plan was aimed at creating monopolies in key sectors which will kill jobs.

Former Finance Minister, Chidambaram said that raising funds cannot be the sole aim for selling assets built over 70 years.

The former Union minister felt that all stakeholders, including employees, worker unions, farmers, must be consulted before embarking on such large sale of assets.

On Monday, Nirmala Sitharaman revealed an ambitious Rs 6 lakh crore National Monetisation Pipeline (NMP) that included unlocking value by involving private companies across infrastructure sectors — from passenger trains and railway stations to airports, roads and stadiums.

As many as 25 Airports Authority of India (AAI) airports, including ones at Chennai, Bhopal, Varanasi and Vadodara, as well as 40 railway stations, 15 railway stadiums and an unidentified number of railway colonies have been identified for getting private investments.