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Loss-making farms to be given on contract in MP

Written by: Staff

Bhopal, Dec 5 (UNI) The Madhya Pradesh government today took significant decisions regarding conduct of non-profit farms and nurseries with private participation, the chemical fertiliser distribution policy, grape-processing industry policy, encouraging thermal power plants and division of shareholding of the Provident Investment Company Ltd (PICL) with neighbouring Chhattisgarh.

A cabinet meeting, chaired by Chief Minister Shivraj Singh Chouhan here, discussed and endorsed the recommendations of a cabinet subcommittee constituted to consider and give recommendations regarding non-profit farms and nurseries and also accorded sanction to the departmental action plan for this, an official release said.

Accordingly, the farms including departmental farms and farm nurseries managed by the Seeds Corporation and Agro-Industries Development Corporation and Babai farm, which have been in the red for several consecutive years, would be given on managerial contract by attracting private participation.

The cabinet decided to continue the 2004-05 chemical fertiliser distribution policy till 2008-09. It approved the Madhya Pradesh Grape-Processing Industry Policy, 2006.

With a view to encouraging the establishment of thermal power projects in the private sector, the cabinet endorsed a draft memorandum of understanding to be signed between the government and a private sector company.

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