Comments
A farmers’ body affiliated to the ruling Congress Party in Andhra Pradesh has demanded the Government allocate Rs 1,000 crore to bail out the ailing co-operative sugar sector in the ensuing State Budget for 2012-13.
“The sector needs this fund to upgrade their facilities by setting up co-generation facilities and ethanol units. They need these facilities to shore up their revenues,” said Mr M. Venkat Srinivas Reddy, Vice-Chairman of Kisan-Kheth Mazdoor Sangh of Andhra Pradesh Congress Committee.
In a memorandum submitted to the Chief Minister, Mr N. Kiran Kumar Reddy, he also called for waiver of all outstanding loans of the sector, which is in position to clear them.
Mr Srinivas Reddy asked the Chief Minister to focus on Nizamabad Cooperative Sugar Factory (NCSF) to revive its fortunes. While cancelling the joint venture status of NSCF, the Government should appoint a farmers’ body to manage the factory, he said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.