Uttar Pradesh Government goes after Indian oligarch, largest sugar producer for non-payment of last season’s sugarcane price to farmers
Sushila Verma
Feb. 23, 2008

In a historic move, the Mayawati Government stood up against the influential and powerful Indian oligarch. The Indian oligarch owe Rs 300 crore to the farmers and there are no signs of any payment.

This is a typical story how Indian oligarchs influence the political parties in India to exploit common people. But this time the Mayawati Government stood up against the oligarch and seized Rs 150 crore of stock from three sugar mills.

“The Company cannot sell any quantity from these three mills. The district magistrates in each of the three districts will sell these stocks and use the money to clear the company’s dues,” said a state official.

Arrears to cane farmers have grown principally because of record sugar production in the 2006-07 season that saw prices crash about 35 per cent and impacted sugar companies’ profitability.

Uttar Pradesh Government goes after Indian oligarch, largest sugar producer for non-payment of last season’s sugarcane price to farmers
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In a historic move, the Mayawati Government stood up against the influential and powerful Indian oligarch. The Indian oligarch owe Rs 300 crore to the farmers and there are no signs of any payment.
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