Northern Kuttanad’s flagship rice mill stares at crisis
Harvesting in progress at one of the paddy polders in northern Kuttanad. The delay in receiving the dues for the paddy procured by the Modern Rice Mill at Vechoor has affected farming preparations in at least five panchayats of the region.
Even as the State government looks to expand its presence in the segment of food processing by establishing rice mills, its flagship project in the sector from Northern Kuttanad appears to be going off the track slowly.
The Modern Rice Mill at Vechoor, a wholly-owned subsidiary of the Oil Palm India Limited (OPIL), is now staring at a major crisis in the face of a mounting dues from the Supplyco as well as the State government. Faced with an acute shortage of funds, the mill has failed to pay up its dues to the paddy farmers, who have been up in arms against the public sector initiative.
Source Link :- https://www.thehindu.com/news/national/kerala/northern-kuttanads-flagship-rice-mill-stares-at-crisis/article67604417.ece
Recommended for you
