Karnataka govt withholds decision to lease Mysore Sugars


PTI, Oct 18, 2021, 8:42 PM IST

Bengaluru: Karnataka government on Monday decided to withhold its decision to lease the Mandya-based The Mysore Sugars Company Ltd (MySugar) temporarily, and would constitute an expert committee to recommend to it about the company’s future.

Also, it said the factory would commence crushing of sugarcane from the next season.

Chief Minister Basavaraj Bommai today chaired a nearly three-hour-long high-level meeting with senior Ministers, public representatives and farmers’ representatives from Mandya district here to discuss about MySugar following opposition against leasing it.

“An expert committee will be set up to study the condition of the machinery and other technical aspects, finances needed to restart the factory and the working capital needed to make payment to farmers for sugarcane in consultation with bankers,” he said.

Speaking to reporters here after the meeting, he said the committee would also study the aspects of value addition of converting molasses and also whether the molasses would be used in distillery or for ethanol with an aim to make the factory financially viable.

To supervise the factory, an efficient officer would be appointed as the managing director with industrial expertise, and an accountant recommended by the Auditor General would be appointed, Bommai said. “The report submitted by the expert committee will be placed before the Cabinet to take a final decision,” he said

Pointing out that an earlier Cabinet had decided to hand over the factory on lease, he further said, “If it has to be changed, it has to be decided by the Cabinet itself, we will take a decision based on the committee report…till then it has been decided to withhold the earlier decision to privatise (to lease) for now.”

The move to lease the State-owned sugar factory, which was established in 1934, has come under opposition from various sections, including farmers, who are staging protests in Mandya.

Opposition parties JD(S) and Congress have also opposed the move.

Recently, the Chief Minister met the farmers and assured them of an amicable solution.

Stating that the government is firm in its decision to restart crushing of cane from the next season, Bommai today said he would immediately release funds required for updating or overhauling the machinery required for the purpose.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Let truth come out: Kharge on Oppn demand for discussion, JPC on Adani issue

Karnataka CM directs officials to submit proposal for gold chariot for Goddess Chamundeshwari

IPL Auction 2025 | GT buy Washington Sundar for Rs 3.20 crore; Shaw, Shardul go unsold

Virat Kohli doesn’t need our support, but we need the support of Kohli: Bumrah

INDIA bloc seeking JPC probe into Adani ‘scam’, govt scared of debate: Congress after LS, RS adjourned

Burglars decamp with cash Rs 1 crore, 300 gold sovereigns from house in Kerala

Raut demands re-election, alleges irregularities in EVMs during Maharashtra polls

Related Articles More

Karnataka CM directs officials to submit proposal for gold chariot for Goddess Chamundeshwari

Puttur: Abandoning labourer’s body — three, including prime accused, arrested

Dr. D. Veerendra Heggade sets record for ‘Largest Single-Man Collection of Antiques’

Bantwal: Three arrested in Thumbe temple theft case

Bengaluru: BBMP garbage truck driver dies after tree branch falls on him

MUST WATCH

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar


Latest Additions

PM Modi to attend 3-day all-India security conference in Odisha from Nov 29

Let truth come out: Kharge on Oppn demand for discussion, JPC on Adani issue

Need to link co-op movement with circular economy: PM Modi

Karnataka CM directs officials to submit proposal for gold chariot for Goddess Chamundeshwari

RSS mouthpiece Organiser had attacked Constitution: Jairam Ramesh

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.