Debtridden Ongole dairy teeters on brink of closure due to lack of funds

Vijayawada | Wednesday | 19th September, 2018

Summary:

However, the milk producers are unwilling to join hands with the dairy as the board failed to clear their dues. Denying the charges, local MLA and district TDP president, Damacharla Janardhan said that the government is committed to revive the dairy and save the farmers. They could not make any progress to clear the old dues.The state government had promised to help out the dairy with Rs 35 crore to bring its operations on the track. It is not keen either to revive the dairy or nab the offenders who looted the money of the farmers pushing the dairy into deep debts,” alleged former minister and YSRC district unit president Balineni Srinivasa Reddy. Sources said that the state government had asked the new management headed by the commissioner of cooperative societies only to oversee the daily operations and protect the dairy from the bankruptcy.“The government is deliberately allowing the dairy to face the natural death..