Amul follows Modi, to set up Rs 200 crore dairy plant in Varanasi...

PEOPLE OF INDIA VOTED FOR DEVELOPMENT...

BUT WE THE PEOPLE OF WEST BENGAL THINKS WE ARE DEVELOPED 

WE DON'T WANT DEVELOPMENT......

GOD KNOWS WHAT WILL HAPPEN TO BENGAL..

                                                                               ........Mine Thought.  

VADODARA: Asia's biggest milk brand, Amul, has followed BJP's PM candidate Narendra Modi to Varanasi. Palanpur-based Banas Dairy, a member the union of the Gujarat Cooperative Milk Marketing Federation that markets Amul, will set up a dairy processing plant in the holy city. The plant will initially process five lakh litres per day with the capacity to double the production.

Banas Dairy, Asia's biggest milk union, will invest Rs 200 crore to set up this plant, its chairman Parthi Bhatol told TOI on Wednesday. "We've completed the process with UP State Industrial Development Corporation Ltd for land acquisition at Karkhianv industrial area near Varanasi airport," Bhatol said.

Interestingly, Uttar Pradesh chief minister Akhilesh Yadav, whose Samajwadi Party professes diametric opposition to Modi, has offered Amul 30 acres land in Varanasi which, in all likelihood, will be represented by the Gujarat CM. In fact, Yadav has helped Amul increase its footprint in UP, which is India's largest milk producing state, by facilitating land in Kanpur and Lucknow as well, where Banas Dairy has started work to set up dairy plants.

After the Akhilesh government invited Amul for dairy development in UP, Banas Dairy also acquired 40 acres land in Kanpur and another 20 acres land in Lucknow to set up dairy processing plants, each with Rs 200 crore investment. Like the Varanasi plant, both Kanpur and Lucknow plants will have the capacity to process five lakh litres per day, expandable to 10 LLPD.

"We will start with milk, curd and buttermilk packaging, and later add ice cream and other dairy products," said Bhatol.

Gujarat Cooperative Milk Marketing Federation MD R S Sodhi said, "Amul is the most preferred milk brand in all milk markets in UP including Varanasi, which consumes 75,000 litres milk per day. Since Banas Dairy began procuring milk locally in UP based on Amul model of co-operatives, farmers in UP are getting better remuneration for their milk.

"Although UP is India's largest milk producing state, the share of organized sector was only one lakh litres milk per day while private players were exploiting the farmers," said Bhatol.

Source:- Times of India.

Mamata Banerjee refuses to meet RBI Governor Subbarao to discuss finances!!!!!!

Mamata Banerjee refuses to meet RBI Governor Subbarao to discuss finances!!!!!!!!!!!!!!!!!!!

West Bengal chief minister Mamata Banerjee's unpredictability quotient hit a new benchmark on Wednesday when she simply refused to meet Reserve Bank of India governor Duvvuri Subbarao to discuss the state's financial situation and borrowings.
Her refusal could make the road ahead for this beleaguered state very uncertain indeed and that too at a time when it is saddled with outstanding dues of over Rs 2 lakh crore.

It is customary for RBI governors to meet chief ministers whenever one visits a particular state. Subbarao was expected to meet Mamata Banerjee a day before the RBI central board meet in Kolkata on Thursday, and apprise her about inflation and growth, besides discussing the state financial situation.

A host of top industrialists from across India are also expected as board members. Surprisingly, Mamata Banerjee did not meet the RBI governor. Apparently, she didn't find the time to do so.

Incidentally, the RBI as banker to the West Bengal government extends overdraft facilities on a regular basis to bail it out. Whatever happened, nobody knows. But obviously, it must have left RBI a bit redfaced.

An official of the  bank told ET that the meeting had got cancelled, because the CM had gone out for something and could not reach her office on time. However, sources in the chief minister's office said there was no meeting in the first place.

Strangely, the RBI website had slotted the meeting at 5.30 pm on Wednesday evening. "This will send a wrong signal to the financial and business community," a senior executive in a public sector bank said.

"How do you expect investors and industrialists to show interest in Bengal when the government is not even ready to give due importance to high-profile people like the RBI governor?" The likes of Kumar Mangalam Birla, chairman of Aditya Birla Group of companies; Azim Premji, chairman of Wipro; GM Rao, chairman of GMR Group are expected to fly down to Kolkata to attend the RBI board meeting on Thursday as members.

What impression will they get from such incident? asked a very dejected local businessmen. RBI's attempt to invite Mamata to attend a special bankers' meet on Thursday also proved futile. The RBI wanted the chief minister to take interest in the affairs of banking in West Bengal. 

 

By:- Atmadip Ray

Sources:- The Economic Times