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Tamil Nadu
Sago unit owners threaten stir
Staff Reporter
ATTUR: The sago and starch producers have urged the State Government to announce a moratorium on recovery of loans availed by them from the co-operative and public sector banks.
Problems
The State president of Sago and Starch Producers Association S. Duraisamy, in a press release, said the sago and starch industries were struggling to operate in the State due to various problems.
The number of sago units had come down to 400 from 1000 in the recent past.
The frequent power disruptions in the State had also adversely affected the operations in the existing units.
Moratorium
The producers demanded that the government announce a moratorium and also waive the interest on the loans.
The government should extend necessary assistance for the revival of the sick units.
Demands
The producers, employees and tapioca farmers would be forced to launch a series of agitations, if the government failed to fulfil these demands, the release said.
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