Bidar sugar factory unlikely to start crushing – The Hindu

The Bidar Sahakari Sakkare Karakhane, the oldest sugar producing cooperative in the district, may not crush sugarcane this year. Bad debts and ineffective management have driven the factory to this stage, allege farmers.The other reasons they attribute include fall in total output of sugarcane, the resultant high prices, lack of funds to clean and maintain machinery, settle dues of farmers and pay labourers.The factory in Hallikhed-Bujurg village, 30 km from the district headquarters, was started in 1961-62, by collecting share capital from farmers. Successive governments have provided working capital assistance before every crushing season. But the demand for converting these government funds into state equity has not been met by the state government.

Source: Bidar sugar factory unlikely to start crushing – The Hindu

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