Mahuva sugar factory likely to take over Coper mill in Tapi

All the members of the committee of directors agreed connected the connection and a solution was passed.

Coper Co-operative was unopen down aft it was moving successful nonaccomplishment and faced liquidity problems owed to mismanagement. In a bid to retrieve the indebtedness magnitude from the factory, Gujarat State Cooperative Bank was astir to merchantability it to backstage players. Sugar co-operative mills similar Mahuva, Madhi, Chalthan Bardoli and Kamrej successful Surat, had successful a corporate effort, managed funds and paid Rs 27 crore to the banks against the indebtedness fixed to the Coper mill astir 14 years ago. A committee of members comprising the chairmen and vice chairmen of each 5 sweetener cooperatives was formed to tally the Coper mill. Sources said that astir 3 lakh tonnes of sugarcane is crushed a twelvemonth and the yearly turnover is implicit Rs 200 crore.

Chairman of Sumul Dairy and Mahuva mill, Mansingh Patel, said, “I was the president of Gujarat State Federation of Co-operative Sugar Factories erstwhile the Coper mill was unopen down and backstage players were lobbying to get the mill, but we saved it from going into the hands of backstage players, for the betterment of farmers. The wealth invested by 5 sweetener co-operatives astatine that clip was Rs 5 crore (Chalthan Sugar), Rs 5 crore (Bardoli), Rs 4 crore (Madhi ), Rs 2.5 crore (Kamrej), and Rs 2.5 crore (Mahuva), and the remaining wealth was arranged from different sources.”

“We person saved the Coper mill and present it is moving well. The 4 sweetener co-operatives were disquieted astir their invested money, truthful we planned to wage the invested wealth with involvement to each 4 sweetener cooperatives and instrumentality complaint of Coper. First we volition transportation retired meetings with the president and vice president of each of the 4 sweetener co-operatives and person them to instrumentality their part. For finance, we person planned to interaction the National Cooperative Development Corporation of New Delhi, to get a indebtedness astatine debased involvement rates,” helium added.

Patel further said, “A mates of days ago, I wrote a missive to Prime Minister Narendra Modi, Home Minister & Cooperative Minister Amit Shah to prevention the sweetener mills successful the cooperative assemblage of Gujarat. Gujarat is well-known successful the state for its cooperative sector, majorly sweetener cooperatives. In Maharashtra, the sweetener mills earlier tally done cooperative societies majorly are present successful the hands of backstage players. Similarly, successful UP, 80 per cent companies moving sweetener mills are backstage players, and the remaining 20 per cent are tally by collectors arsenic administrators. We sought assistance from some apical leaders to prevention the sweetener mills of Gujarat from going into the hands of backstage players.”

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