Date:24/02/2005 URL: http://www.thehindubusinessline.com/2005/02/24/stories/2005022402101703.htm

Back CITU against heavy FDI

Our Bureau

HYDERABAD: The Centre of Indian Trade Unions (CITU) has criticised the United Progressive Alliance (UPA) Government for allowing heavy foreign direct investments (FDI) in profit-making public sector undertakings.

Addressing a meet on `Oppose FDI and disinvestment' here on Wednesday, Mr R. Sudhabhaskar, CITU's State Secretary, said the UPA Government had promised that it wouldn't allow disinvestment in profit-making PSUs.

He also faulted the Government for inviting FDI into the insurance sector.