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
|
