Yet another sugar factory, for an investment of close to Rs 200 crore, is set to come up in Bijapur district shortly. Jamakhandi Sugars Ltd is setting up the second unit after its success with the first.
The factory will be established at Nad K D village in Indi taluk with a crushing capacity of 3,500 tonnes and 27 Mw power generation capacity. The crushing capacity can be increased up to 5,000 tonnes and up to 60 Mw power could also be generated.
Chairman of Jamkhandi Sugars Siddu Nyamagouda said: “The factory will come up with all modern equipment within 15 months,” adding the set up was initiated at the request of sugarcane growers in the area. The sugarcane produced in this region has increased in recent years due to the irrigation facilities available.”
Siddu further said, Jamakhandi Sugars has invested Rs 10 crore in the new unit and farmers of the region have collected Rs 20 crore as share capital for the factory. “Nearly 8,000 farmers will become shareholders of the factory initially, but the survey work is yet to be done in some villages,” he said.
Expansion plans are, meanwhile, on for the first factory of Jamakhandi Sugars was started in the year 2001.