Financial Daily from THE HINDU group of publications
Tuesday, Jan 04, 2005
Financial Daily from THE HINDU group of publications Tuesday, Jan 04, 2005 |
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Agri-Biz & Commodities
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Co-operatives 2 AP co-op sugar factories resume crushing Our Bureau
Visakhapatnam , Jan. 3 TWO co-operative sugar factories — one in Visakhapatnam district and the other in Vizianagaram district — resumed crushing on Sunday. The Congress party, it may be noted, promised in its poll manifesto to revive the ailing co-operative sugar factories in the State. Mr K. Ramakrishna, Commercial Taxes Minister, who inaugurated the crushing at the Tummapala Co-operative Sugar Factory (rechristened as V.V Ramana Sugar Factory) at Anakapalle in Visakhapatnam district, said it was a new year's gift to farmers and employees from the Government. Mr Ramakrishna, elected from Anakapalle, said his Government had redeemed the poll promise. The Minister said Rs 60 crore had been sanctioned for the reopening of the factory, of which Rs 1.1 crore had been released for repairs to machinery. He said 70,000 tonnes of cane had arrived for crushing. If it could be increased by a lakh tonnes, the factory might turn around and earn a profit of Rs 1 crore, he said. There were plans to increase the capacity of the factory to 2,500 TPD (tonnes per day). He assured the employees that their salaries would be paid and the temporary staff would be regularised in due course. At another function in Vizianagaram, Mr B. Satyanarayana, Minister for Major Industries, inaugurated crushing at Sri Vijayarama Gajapathi Co-operative Sugars Ltd. He said the Andhra Pradesh Co-operative Bank (APCOB) had agreed to release Rs 12 crore for reviving the factory and the Government had sanctioned Rs 1.25 crore for overhauling the plant and machinery and Rs 50 lakh for salaries. The permanent staff had been reduced from 208 to 144 and the seasonal workers from 255 to 177 in consonance with the recommendations of the experts' committee. The crushing capacity would be increased to 2.25 lakh tonnes gradually, he said and urged employees to strive hard for the success of the factory. He also sought farmers not to divert cane for jaggery manufacture.
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