NCOA Condemns Decision Of CCEA In Dubious Sale Procedure Of CEL
Sale of CEL implies to underselling the PSU for a paltry sum, alleges NCOA
The National Confederation of Officers’ Association (NCOA) has written to Prime Minister Narendra Modi urging him to withdraw the decision to sell Central Electronics Limited (CEL) in order to promote Atmanirbhar Bharat. The apex body of Executives of Public Sector Undertakings (PSUs), has alleged that the high-value PSU is being sold for a paltry amount of Rs. 210 crores to a private entity named Nandal Finance and Leasing Private Limited, which has no competence, managerial or technological.
The letter which goes on to say that the scientific community it is concerned that the CEL will be destroyed and ultimately dismantled by this company. The letter written by NCOA to PM Modi is given below for the benefit of the viewers of www.indianpsu.com –