State committed to revive Nizam Sugar Factory: KTR

Industries Minister KT Rama Rao on Tuesday reiterated the State government’s commitment to revive the Nizam Sugar Factory and reminded that a team led by the then Agriculture Minister Pocharam Srinivas Reddy had visited Maharashtra to study the functioning of sugar factories.

Chief Minister K Chandrashekhar Rao had stated on record in the Assembly that the State government was committed to the revival of Nizam Sugar Factory. He wanted the factory to be operated on the lines of Cooperative Sugar factories as was being done by farmers in Maharashtra.

Responding to Congress MLC Jeevan Reddy’s question, the Chief Minister had even wanted Jeevan Reddy to be the Chairman and even assured to invest Rs 250 crore to revive the factory, Rama



Rao said at a press conference here.

The BRS government had revived the Sirpur paper mill and efforts were on to revive the AP Rayons Factory, which was not operational due to losses and other reasons.

“Talks are on with ITC in this regard and there is light at the end of the tunnel,” he said.

Land prices have increased drastically in Telangana and the State government could have sold those factories like the union government was doing but that was not the priority in Telangana, he said.

“We look at them as employment generating units, revenue sources for the government and as assets and not a real estate asset” Rama Rao said.