DMK pleased over announcement of price for sugarcane

DMK has welcomed the announcement by chief minister V Vaithilingam in the budget presented in the Assembly that the farmers would be paid an enhanced price of Rs2000 per ton of cane purchased by the mills from the ryots during the next crushing season.

A spokeman of the local unit of the DMK said here today that they had requested the government in this regard some time back, taking cue from Tamil Nadu government`s announcement.

Confederation of Indian Industry (Puducherry) has also welcomed the announcement that foreign investors promoting electronic industries here would be extended incentives. The new president of the CII here M S Vijayaraghavan said that the
budget for fiscal 2010-2011 was industry friendly.