Bhubaneswar: The Odisha government has decided to transfer the land of closed Bargarh sugar factory to IDCO for setting up industries in future.
While the factory has a total 103.21 acre of land, the Odisha Industrial Infrastructure Development Corporation (IDCO) will purchase the land in two phases. In the first phase, it will purchase encroachment-free land of 72.12 acre at bench-mark valuation, according to a press release from the chief minister’s office (CMO) on Friday.
The remaining land will be handed over to IDCO after it is freed from encroachment and litigations. Then the whole patch of land will be used for industrial purpose by IDCO.
IDCO has paid Rs 40.68 crore to ADM-cum-liquidator of Bargarh Cooperative Sugar Mills for transferring the ownership of the encroachment-free land measuring 72.12 acre in its favour.
It may be mentioned here that the crushing operation in the Bargarh sugar factory could not be carried out for various reasons including shortage of funds for repair, renovation and maintenance of the machineries. Therefore, it was decided to be liquidated.
