An ideal government shall build institutions instead of involving itself in a selling spree. I urge the Union Govt to roll-back this...

Concluding a three-part statement opposing the Union government's disinvestment policies, Tamil Nadu Chief Minister M.K. Stalin demanded an immediate rollback of the decision to file an initial public offering for the Life Insurance Corporation of India. Stalin asserted that an ideal, responsible government must dedicate itself to constructing and nurturing great public institutions, rather than indulging in a reckless selling spree that dismantles national economic foundations.

The Chief Minister stressed that LIC was built through the accumulated savings, trust, and hard-earned resources of hundreds of millions of ordinary Indian families over six decades. Diluting public ownership in this premier financial institution compromises sovereign economic self-reliance and prioritizes short-term fiscal revenue over long-term public welfare. Stalin noted that profitable public sector enterprises constitute national assets that fund nation-building, social security, and vital developmental infrastructure across all states.

Stalin urged the central government to heed the widespread concerns voiced by policyholders, employees, and economic experts who oppose the commercial dilution of public sector autonomy. He reiterated that protecting strategic public enterprises is an indispensable national duty, pledging Tamil Nadu's unwavering support for safeguarding public assets against privatization.