Bargarh is rich in Agricultural Industries. But the
present State Govt. Industrial Policy 1996 is
not helpful for the rapid industrial development of
the District. Although Bargarh is declared as a B
class Zone. The main objects of Present Industrial
policy of Orissa (1996) are; -
(1) Harnessing Orissa’s Vast natural resources
and potential for accelerated industrial growth
consistent with the protection of environment .
(2) Advancement of Agriculture by establishing
appropriate linkage.
(3) Attracting and facilitating large
investment in infrastructure and industries both
from inside and abroad.
(4) Generating employment on a large sale in
industrial / Commercial activities.
(5) Development of backward areas/ reason of
the state through industrial /mining ventures.
(6) Strengthening the rural economy through
development of agro based industries, small
industries, village and cottage industries,
sericulture, handloom and handicraft.
(7) Stimulating and strengthening local
entrepreneurial base / talent.
(8) Development of skill / expertise.
For the development of Industries IPICOL (Industrial
promotion and Investment Corporation of Orissa Ltd )
IDCOL (Industrial Development Corporation) and OSEDC
( Orissa State Electronics Development Corporation)
are the nodal agencies promoting large medium and
small scale industries in the state . There is
no Large or medium Industries in Bargarh under the
Central govt. Although Bargarh is a growing
Industrial area till yet no branch of IPICOL in this
district . After the incorporated of IPICOL in 1973.
The duty of IPICOL is to promote large and medium
Industries . Which also provide low cost consultancy
service for industries, assists entrepreneurs from
the time in conceptualization of industry till final
commissioning and disburses subsidy on the basis of
feasibility reports.
Bargarh CEMENT Ltd , Bargarh is the
largest cement manufacturing industry of Orissa
presently managed by ACC . Previously it was a
subsidiary cement factory Orissa under
IDC ( Industrial Development Corporation ) IDCOL was
set up on 29th March 1962 . After the
establishment of Orissa industrial infrastructure
Development Corporation in 1981 , it established 66
Industrial estate in the state out of which Bargarh
is one among them . But due to several reason
industrial growth in this industrial area is very
poor. Hence since long most of land was laying
vacant and unutilized. Hence now govt. started to
lease out some unutilized land to private parities.
Science 1956 Orissa State Financial Corporation
(OSFC) is providing term loans for the establishment
of Small and medium scale industries in the State. A
Branch of OSFC is working at Bargarh science 1999.
OSFC is also provides financial assistance for a
number of allied sectors like transport, Hotels,
Nursing homes and clinics, acquisition of mining and
road construction equipments etc. For the
development of Small-scale industries Districts
Industries Center (DIC) was created. Which operate
as the nodal agencies for the development of
small-scale industries of the area.
As per the annual industrial survey
conducted by Dept of Finance there was there
was 62 registries factories in Bargarh
(As on 1.4.1997 ) having total employees of
6083 and its productive capital was Rest 7288,000.00
and Net value added by the manufacture was Rs.
1952 laks . As per the statistics of Directorate of
Economics and Statistic, Govt. of Orissa when
Bargarh became a Separate District in 1993 there was
52 reported industrial units having 5921 nos of
worker with a working capital of 2,58,249, 000 .00.
Orissa Weaver’s Co-Op Spinning Mill
ltd located at Tora, Bargarh was set up in 1959 and
it is the oldest spinning mill set up by Govt. of
Orissa in the co –operative sector. Its installed
capacity was 30,800 spindles. The production &
Capacity Utilization is as follows.
|
Sl.No
|
Year
|
Production (MT)
|
Average Count
|
% Utilisation
|
|
1
|
1988-89
|
2,247.81
|
26.86s
|
83.27
|
|
2
|
1989-90
|
2,234.90
|
28.85s
|
74.25
|
|
3
|
1990-91
|
2,648.80
|
27.88s
|
80.31
|
|
4
|
1991-92
|
2,555.63
|
27.21s
|
78.25
|
|
5
|
1992-93
|
1,619.96
|
27.39s
|
49.39
|
|
6
|
1993-94
|
1,731.50
|
28.22s
|
60.31
|
|
7
|
1994-95
|
899.65
|
25.68s
|
34.73
|
|
8
|
1995- 96
|
1,922.02
|
25.95s
|
52.22
|
|
9
|
1996-97
|
1,633.60
|
28.10s
|
49.68
|
|
10
|
1997-98
|
1,99.85
|
28.45s
|
50.85
|
|
11
|
1998-99
|
Closed
|
Closed
|
Closed
|
|
12
|
1999-2000
|
Closed
|
Closed
|
Closed
|
|
13
|
2000-2001
|
Closed
|
Closed
|
Closed
|
|
14
|
2001- 2002
|
Closed
|
Closed
|
Closed
|
The Mill was on Conversion since 1995
. The converter supplied the raw material and then
picked the finished Yarn, on Payment of conversion
charges the mill produced 100% Gray cotton in 14s,
20s, 26s, 32/34s and 40s count. The cotton yarn was
produced in both hank and cone forms. The Product
wise breakup was as follows.
|
Sl.No
|
Segment
|
1994-95
|
1995-96
|
1996-97
|
|
1
|
14s count
|
79934
|
....
|
...
|
|
2
|
20s count
|
5,17748
|
55028
|
...
|
|
3
|
26s count
|
155887
|
18343
|
...
|
|
4
|
32/34s count
|
97083
|
1739
|
...
|
|
5
|
40s count
|
48997
|
....
|
....
|
Liabilities position as on 31.3.1998
(all figures in Rupees in lakes)
|
Details of Term Loan
|
Loan availed
|
Repayment made
|
Balance outstanding
|
Interest liabilities
|
Total outstanding
|
|
IDBI
|
110.00
|
40.00
|
70.00
|
158.81
|
228.81
|
|
IFCI
|
50.00
|
17.20
|
32.80
|
Incl
|
32.80
|
|
ICICI
|
50.00
|
17.20
|
32.80
|
Incl
|
32.80
|
|
TOTAL
|
210.00
|
74.40
|
135.60
|
158.81
|
294.41
|
|
|
|
|
|
|
|
(Source confidential information
memorandum on spinning mills of Orissa SPINFED
prepared by SBI Capital Markets Ltd, Strategic
Advisory, and February 1999.)
Details of Other loan availed by the
mill as on 31.3.1998
|
Slno
|
Particulars of Other loans
|
Outstanding amount (Rs. In
lakhs)
|
|
1
|
Working capital loan from
SDCC Bank Bargarh ( Principal amount Rs
350.00 lakhs interest outstanding up to
march 95 since the account has been
inoperative Rs 107.26 lakhs)
|
457.26
|
|
2
|
NCDC loan for construction of
yarn go down through OSCB Bhubaneswar
Principal amount Rs 6.26 lakhs , Amount
repaid Rs 0.99 laks interest rate @ 10.5% Pa
.)
|
5.27
|
|
|
Grand Total
|
462.53
|
Details of Current liabilities as on
31.3.1998
|
Particulars
|
Amount
|
|
Outstanding liabilities
|
298.49
|
|
ESI
|
2.92
|
|
EPF
|
20.05
|
|
Earnest Money
|
1.94
|
|
Provision for advance
recoverable
|
1.38
|
|
Provision of exgratia
|
39.73
|
|
Employee credit Co op Society
|
8.82
|
|
LIC dues
|
1.24
|
|
Security deposit payable
|
3.24
|
|
Unpaid salary and wages
|
1.12
|
|
Bonus payable
|
14.92
|
|
Interest on term loan
|
7.53
|
|
Other loans
|
36.21
|
|
Interest payable on go down
loan
|
3.94
|
|
Interest payable on cash
credit
|
21.35
|
|
Advance money from converter
|
11.22
|
|
Sundry creditors (PCP)
|
23.36
|
|
Time barred liabilities
|
4.87
|
|
Gratuity payable
|
1.70
|
|
Guarantee comm. Payable
|
2.20
|
|
Converter’s A/C
|
10.30
|
|
Other
|
2.76
|
|
G.T
|
519.29
|
