AGRICULTURETamil Nadu Sugar mills cripple due to water crisis

Due to the severe water crisis in Tamil Nadu, EID Parry India has shut down its two factories in Tamil Nadu and also a factory in Puducherry is shut down because of the shortage of canes. M Murugappan the executive chairman of Murugappa group said that EID Parry closed two of its factories in TamilNadu due to water scarcity and Murugappa groups own 44.89 percent in EID Parry. Due to the severe water crisis in Tamil Nadu, EID Parry India has shut down its two factories in Tamil Nadu and also a factory in Puducherry is shut down because of the shortage of canes. M Murugappan the executive chairman of Murugappa group said that EID Parry closed two of its factories in TamilNadu due to water scarcity and Murugappa groups own 44.89 percent in EID Parry. EID Parry is not an alone company to face trouble but several others too struggling the same. Thiru Arooran Sugars Ltd also cut down the production due to non-availability of Sugar Cane at its factories in Tamil Nadu and it ended up in Bankruptcy after failing to repay loans. Another entity Sakthi Sugars is also under trouble that has been facing losses for the past two financial years and it is a defaulter of loans. Tamil Nadu is hit hard because of the water scarcity, day to day activities of the individual is under trouble because of the water shortage. India is home to nearly a sixth of the world’s population but gets only 4 percent of the Earth’s fresh water. According to the Water Resources Group reports last month Chennai the worst water shortage in three decades. It received the lowest rainfall in 15 years in 2018.

AGRICULTURETamil Nadu Sugar mills cripple due to water crisis