STOCK MARKET BSE NSE

Revive, do not privatise Mysuru Sugar: Ex-CM Siddaramaiah to Karnataka government

Siddaramaiah said that he would speak to Chief Minister Basavaraj Bommai and urge him to release funds to restart its operations.

Published: 11th October 2021 05:47 AM  |   Last Updated: 11th October 2021 05:47 AM   |  A+A-

Former Karnataka CM Siddaramaiah

Former Karnataka CM Siddaramaiah (Photo | EPS)

By Express News Service

BENGALURU/MANDYA: Congress Legislature Party leader Siddaramaiah on Sunday demanded that the State Government retain the ownership of the Mysuru Sugar (MySugar) and not lease it out to private players. Participating in a protest organised by Raitha Hitarakshana Samithi in Mandya, he said, “We (Congress) will restart MySugar within a month if we come back to power in the state.”

Siddaramaiah said that he would speak to Chief Minister Basavaraj Bommai and urge him to release funds to restart its operations. "Of the 65 sugar factories in Karnataka, only MySugar is owned by the government. Therefore, I demand that the factory be kept in government’s possession. MySugar was established by Nalwadi Krishnaraja Wadiyar and was making profit for a long time... The government must be blamed for the loss and not farmers," he said.  "Many government companies are incurring losses. Are we going to privatise them all?" he asked. 

Siddaramaiah said that as CM he had released Rs 145 crore to keep MySugar running. "Farmers of Mandya have an emotional connect with the factory. There are several properties belonging to it in Mysuru and Bengaluru, including one in front of Ravindra Kalakshetra. This can be developed to monetise funds and the revenue can be used to run the factory," he suggested.

On coal supply

Siddramaiah said that the State Government should ensure that it gets adequate coal supply from the Centre to ensure that there is no power crisis.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp