![]() Financial Daily from THE HINDU group of publications Tuesday, Mar 08, 2005 |
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Agri-Biz & Commodities
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Dairy & Dairy Products Gujarat hands over 7 sick Saurashtra dairy units to NDDB Our Bureau
Ahmedabad , March 7 THE Gujarat Government has handed over seven defunct dairies with an aggregate capacity of four lakh litres per day and a 100 tonnes per day cattle feed plant located in Saurashtra to the National Dairy Development Board (NDDB). As per the agreement between the NDDB and Gujarat Dairy Development Corporation, the sick units will now be revived at a cost of nearly Rs 20 crore, an NDDB release said here. The units were declared sick by the Board for Industrial and Financial Reconstruction (BIFR) in 1994 and had been lying unused for nearly a decade. The 2001 Kutch earthquake had further damaged the structure. As per the scheme approved by the BIFR, NDDB will revive these units with a view to facilitating the creation of new milk cooperatives in the region and boost the incomes of dairy farmers in the Saurashtra belt.
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