THIRUVANANTHAPURAM: The Kerala Agri Business Company (KABCO) announced by the first Pinarayi government to increase the farmer's income by 50% by preparing food products from agricultural produce is sleeping in files. The outline submitted a year ago by the expert committee, which came into being last August, for the formation of the company announced on the model of SIAL has not seen the daylight.
The committee prepared the company's business plan including a Memorandum of Association (MOA). Company formation is possible only if these are approved in the cabinet meeting.
KABCO was announced three years ago by former minister VS Sunilkumar. The new government came to power while the draft was being drawn up. An expert committee was appointed only after a year. Dr. B Ashok, Principal Secretary, Department of Agriculture; former Legal Secretary BG Harindranath, Chartered Accountant MK Sridhar and Agribusiness-Entrepreneurship-Skill Expert Dr. TP Sethumadhavan were members of the committee.
To start the project
If approved by the cabinet, the government should decide on a 10-member board of directors. Govt. Secretaries and agricultural experts should be made a part of the project. 9 markets, including the international wholesale market of the Department of Agriculture, will be brought under KABCO. Those looking for work in the markets should be transferred to the company. A project management agency should be appointed to prepare the project document for collecting, freezing, packaging, branding, and marketing of agricultural produce. The company, which expects a turnover of 1,000 crores in three years, is crawling.
81,000 crore business