UPASI urges Centre to bail out plantation industry
Deccan ChronicleCoonoor: The United Planters’ Association of South India, headquartered here has appealed to the Centre to bail out the plantation industry from the present financial crisis which the industry is facing now, due to many factors affecting the plantation sector. UPASI president, AL RM Nagappan, said that the plantations are going through a quite stressful period as they face agrarian distress due to climate change, and are unable to fetch remunerative prices for the plantation products. Considering the seriousness of the situation in plantations, Nagappan, said UPASI has requested the Centre to sanction additional allocations to commodity boards to enable them to disburse overdue amounts to the South Indian plantations immediately. This would go a long way in helping the South Indian growers tide over the critical financial crisis they are in today, to some extent, he pointed out.