Privatization of 'strategic assets'

[Sachaydino]

Re: Privatization of ‘strategic assets’

@kakaballi

There are privately owned steel mills (if not as big as PSM). Railway lines come under infrastructure which the government should plan. Otherwise we’ll have a hotchpotch of irrelevant infrastructure projects. Yes, the operations of such infrastructure should be privatized but regulated by government (like telecoms).

The question is that is it acceptable that a few buyers get several million rupees of benefits by buying these assets as lower than that price these assets should fetch? I am pretty much sure that no government would let go an opportunity like this to get kickbacks.

I think it is still better if, say, cronies and people close to the government benefit one time and take over these organizations rather than the nation bearing the cost of inefficiently running them every year.

Wrong. Raja line (a meter gauge) from Hyderabad to Monabau was built by a Raja, who runs his saloon on this private owned railway system before partition. Now it has been converted in to broad gauge. Tata Steal mill of India, a world renowned and I think many times larger than PSM is owned by private business in India. A number of Railway lines like Canadian Pacific and in America maintained by private companies. Paki haram khoro ko paka pakay maal chaiay woh bhi korhio ke bhao main.