Left Menu
Development News Edition

TRS, BJP blame each other on Nizam Deccan Sugars Ltd

PTI | Hyderabad | Updated: 14-06-2019 18:44 IST | Created: 14-06-2019 18:43 IST
TRS, BJP blame each other on Nizam Deccan Sugars Ltd
Image Credit: Freepik

Blaming the Telangana Chief Minister K Chandrasekhar Rao for the liquidation of Nizam Deccan Sugars Limited, Nizamabad MP D Arvind Friday said he would extend support to any new investor or promoters coming forward to revive the NDSL units. "As an MP of Nizamabad district, I assure that I will extend all my support toany new investor or promoters coming forward to revive the NDSL units," the BJP MP said in a press release.

"Wewill also help motivate and bring confidence among the farmers to cultivatethe sugar cane needed for the units. Our government being at the Centre, I will try to get the maximum support for this cause and for farmers of thisregion," he said. The National Company Law Tribunal recently ordered liquidation of NDSL as it was left with no choice as the investors backed out and the state government also did not come out with resolution plan within the stipulated time.

Arvind said the TRS Government did not make concrete efforts for the revival of the sick unit and as per the NCLT order it was found that even after one year afterJune 2018 letter assuring the resolution plan for NDSL, the state government failed to submit one. "Hence, NDSL was ordered to be liquidated. This shows that TRS government is not keen to revive it," he alleged.

Reacting to the BJP MP's allegations, the ruling TRS Bodhan MLA Shakil Aamir Mohammed said the NDSL was in a bad condition when his party came to power in 2014 and sugarcane cultivation also dropped to just 35,000 tonnes from 12 lakh tonnes when the unit was running. He also blamed the promoters of the company saying that they resorted to blackmailing tactics for which the Government did not yield.

"The promoters were blackmailing us with seeking abnormal amounts to revive the sugar mills though our Chief Minister KCR was so keen to make it run. He wanted to run to the factory in cooperative model as being done in Maharashtra and other places," the legislator told PTI. NDSL units were founded by then Nizam rulers over 100 years ago and served as the back-bone of the industry for Nizamabad and other surrounding districts and provided lot of employment and livelihood to thousands of people, he said.


TRENDING

OPINION / BLOG / INTERVIEW

Why COVID-19 is unstoppable in USA despite it being ranked at the top of GHS Index?

Several worst-hit countries such as Italy, France, Spain, the UK, Canada, and Russia have peaked COVID-19 cases in April. Almost all of them have gradually flattened the curve. However, the USA is setting new daily records of infections tha...

COVID-19 seems cooking biggest ever global scam

The increasing number of corruption cases on COVID-19 funds from throughout the world and involvement of high profile persons indicate that the countries cant ignore corruption in their pandemic response programs. This has generated the nee...

Health Management Information Systems lack holistic, integrated, and pandemic resilient character

Being a part of the United Nations system, the World Health Organization WHO deserves its share of rebuke for its alleged failure issue COVID-19 health emergency alerts on appropriate time. However, the pandemic has also exposed loopholes i...

Pride in the time of coronavirus: a welcome move online?

This year is different in many ways not least as celebrations are also taking place against the dramatic backdrop of a global health crisis and a resurgence in grassroots activism following the death of George Floyd in Minneapolis. ...

Videos

Latest News

Australia limits number of citizens returning as virus surges

Australia will halve the number of citizens allowed to return home from overseas each week, Prime Minister Scott Morrison said on Friday, as authorities struggle to contain a COVID-19 outbreak in the countrys second most populous city. Sinc...

Criminal has gone, but what about those protecting him: Priyanka on Vikas Dubey's encounter killing

Congress general secretary Priyanka Gandhi Vadra on Friday took a swipe at the UP government over the encounter killing of gangster Vikas Dubey, saying while the criminal has gone, what about those protecting him. Dubey was killed by the co...

Kazakhstan denies Chinese reports of pneumonia deadlier than coronavirus

Kazakhstan dismissed as incorrect on Friday a warning by Chinas embassy for its citizens to guard against an outbreak of pneumonia in the central Asian nation that it described as being more lethal than the coronavirus.In a statement late o...

GLOBAL MARKETS-Asian shares down on virus risk, U.S.-China tension

Asian shares and U.S. stock futures fell on Friday as record-breaking new coronavirus cases in several U.S. states stoked concern about economic recovery, while investors looked forward to earnings season.MSCIs broadest index of Asia-Pacifi...

Give Feedback