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Soon, State To Get 15 New Sugar Mills
By akansha, Section Business  A senior official at the sugar commissionerate confirmed that 15 new factories are likely to be set up, mainly in western Maharashtra. Prakash Naiknavare, managing director of the Maharashtra State Federation of Co-operative Sugar Factories (Sakhar Sangh), said, "At least 15 to 20 new private sugar factories will join the existing 141 co-operative and private sugar factories in the state. Since they will be privately owned, the factories will be eligible for funds from the Sugar Development Fund." Any factory with minimum daily crushing capacity of 1,250 tonne is eligibe for Rs 30 crore one-time fund paid in stages, he said. Additional sugar factories means more competition among factories to get sugarcane for crushing, Naiknavare said. Notably, private sugar factories need to follow the rule of not setting up new unit within 15 kilometre radius of the existing factory, he said. "In last two years, sugar prices have increased significantly, attracting many investors to set up factories in the state," Naiknavare said. The Union government opened doors for private players and also made it mandatory to obtain Industrial Enterprise Memorandum (IEM) code from the Union government, after which the private party was free to set up a factory anywhere in the state. The registration fee for IEM code is Rs 5,000. Source: Times Of India By Nikhil Deshmukh Soon, state to get 15 new sugar mills Click On "Full Story" For More....
An investor has to obtain clearance certificate stating that the proposed factory is not falling in the 15 kilometre radius of existing co-operative or private sugar factory. Apart from these two government approvals, rest of the procedure like preparing project report, funding and land acquisition has to be done by the investor.
"This year 120 IEM proposals were submitted to the Union government, out of which 49 received IEM as well as jurisdiction clearance. Interestingly, more than 50 per cent of the 49 IEM codes are actually obtained by co-operative sugar factories in the name of some private entity to secure their existing area from being intruded by a new factory," Naiknavare said. It is just a preventive measure by the co-operative factories because IEM system was not introduced when co-operative sugar factories were set up, he maintained.
Hence, though 49 proposals have been cleared, only 15 to 20 proposals are actually for new private factories and hopefully all will come up in the coming years, he said. The sugar industry in the state has a turnover of about Rs 20,000 crore.
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