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Co-operative sugar factory to be revived
The only co-operative sugar factory in the district at Amudalavalasa is to be handed over to the Andhra Pradesh
(Amudalavalasa) Srikakulam: The only co-operative sugar factory in the district at Amudalavalasa is to be handed over to the Andhra Pradesh Infrastructure Corporation (APIIC), along with its lands. The State government has issued a GO (No 162) to this effect. The sugar factory was winded up on March 4, 2004 by the then government and the assets of the factory were handed over to Ambica Sugars and Agro-industries Limited for a price of Rs 6.20 crore through an auction.
But farmers and other stakeholders in the factory opposed the government’s move and filed a writ petition in the High Court. On March 3, 2016, the High Court declared the auction process as ‘illegal’ and directed the government to recover the assets of the factory.
In compliance with the High Court instructions, the State government has decided to hand over the factory and its lands to APIIC for its revival. The government has also appointed District Co-operative Officer Balivada Srihari Rao as Managing Director for the sugar factory.
