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Karnataka sees a rush to set up new sugar mills, Mahadeva Prasad

Industry Food Processing & Beverages

According to HS Mahadeva Prasad, Karnataka State Minister for Co-operation and Sugar, the state has received 14 applications from companies for setting up new sugar units. Besides, 40 companies have already received the Industrial Entrepreneur Memorandum (IEM), an approval from the Centre for their proposed new units and expansion of their existing capacities. Majority of the proposed new units are in the northern districts of Belagavi, Vijayapura, Bagalkot, Kaluburagi and Raichur. Also, the southern districts of Mysuru and Mandya are also expected to see new units come up over the next few years.

Extracted from HBL, Feb 06,’15

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