Karnataka government decides to lease out Mysore sugar factory

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Mandya: The state government has given its nod to lease out Mandya based Mysore Sugar (Mysugar) factory. The government plans to lease out the mill for 40 years on the lines of Pandavpura Sahakari Sakkara Karkhane (PSSK), which has been taken on lease by a company founded by MLA Murugesh Nirani.

Earlier, Former chief minister and leader of the opposition Siddharamaiah had urged the state government to not to privatize MySugar mill and retain it under government control.

According to the news report published in DeccanHerald.com, the government has constituted a sub-committee to over see the lease procedure.

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