It is known that Reliance has placed the proposal of taking over APSRTC before Congress government in United AP. Even Botsa Satyanarayana who was then transport minister made a statement in favor of privatization and it invited the wrath of RTC Employees and people. Later, Congress Government decided to call off any such plans.
If the speculations are to be believed, AP Government is in favor of privatization of APSRTC which is running in losses since the past several years. Reliance has given assurance on good maintenance and also profits.
Hence, Chief Minister Chandrababu Naidu is considering the options either to continue APSRTC in the same fashion or hand over it to private companies like Reliance. RTC has been incurring Rs 100 crore loss per month in AP alone. So, privatization is the best choice in present situation.
If the speculations are to be believed, AP Government is in favor of privatization of APSRTC which is running in losses since the past several years. Reliance has given assurance on good maintenance and also profits.
Hence, Chief Minister Chandrababu Naidu is considering the options either to continue APSRTC in the same fashion or hand over it to private companies like Reliance. RTC has been incurring Rs 100 crore loss per month in AP alone. So, privatization is the best choice in present situation.