Government not to take up cane crushing
The TRS government has failed to fulfill its poll promise of taking over the Nizam Deccan Sugar Limited (NDSL)
By : DC Correspondent
Update: 2014-09-25 04:38 GMT
NIZAMABAD: The TRS government has failed to fulfill its poll promise of taking over the Nizam Deccan Sugar Limited (NDSL) within 100 days of ascending to power. The government has conveyed its consent to the private management to take up sugarcane crushing for 2014-15.
Accordingly, the NDSL has started making arrangements for the crushing crushing season scheduled on December 15. The NDSL has three units located at Shakkarnagar (Bodhan) in Nizamabad district, Metpally in Karimnagar and Medak. In the current season, 1.25 lakh tonne of sugarcane will be crushed in Shakkarnagar, 1.30 lakh tonne in Medak and 1.10 lakh tonne in Metpally. Overhauling of machinery has begun in all the three units.
In 2003, the TD government had partially privatised Nizam Sugar Factory (NSF), the former NDSL which was acquired by Delta Company on Swiss challenge method.
Under the method, initially, the private management will take 51 per cent share and the remaining 49 per cent share would be under the possession of the government. In a phased manner, the entire factory will be privatised by withdrawing 10 per cent government share every year.
However, the process had been stalled due to heavy criticism. The successive government run by the Congress too failed to make any headway. Former chief minister late Y.S. Rajasekhara Reddy constituted a House committee which suggested for immediate take over of the factory but for political reasons, nothing was done.
Nizamabad MP K. Kavit-ha said the government had begun with the process of taking over Nizam Sugars. NDSL, Shakkarnagar unit, vice-president M. Janaki Manohar said crushing will begin on December 15. The capacity of the factory is 3,500 tonne a day but only 1.25 lakh tonne sugarcane is available in the district.