Mandya: Even as iconic industries in Mandya district — Mandya National Paper Mill at Belagola in Srirangapatna taluk and Mandya Acetate and Chemicals near Mandya — have shut down decades ago, another prestigious industry of the district, Mandya Sugar Factory, popularly known as ‘MySUGAR,’ said to be the first of its kind in Asia, seems to be all set for closure as the Government is said to have asked the factory Management to halt operations from January.
The MySUGAR factory was running under loss, year after year and the Government, in a bid to revive the prestigious Sugar Mill, had pumped in Rs.20 crore a few months ago, following which crushing operations had begun. But despite this, the Sugar Mill is slipping into the red and the Government is said to have begun moves to shut down the factory.
