Dredging Corporation of India Limited, or DCI, is a Miniratna Indian public sector unit engaged in the business of dredging. DCI is headquartered at Visakhapatnam and has project offices at many seaports in India. It reports to the Ministry of Shipping. Recently it has been in news because of the proposal of its privatization by Union government. But by seeing the latest budget, people are getting doubts whether the NDA government has dropped the plans of privatization.
It is known news that Pawan Kalyan visited family of Venkatesh, an employee of DCI who killed himself in protest to the privatization plans of the NDA government. Employees explained him details about the profits and the privatization proposal which will impact 1600 employees. Pawan also requested the governments to drop the proposal of privatization at that time. Now, in the latest budget, Union government did allotments to DCI too and didn’t mention any plans of disinvestment. So those who followed budget, by seeing around 19 crores being allotted to DCI, analyzing that NDA might have, at least temporarily, postponed plans of privatization of DCI.
However, official announcement from NDA is still awaited on this issue.
