Dhampur Sugars welcomes sugar export subsidy by government


After the central government approved the subsidy of Rs 3,500 crore to export around 60 lakh tonne of sugar, the Dhampur Sugars has welcomed the move.

Speaking to a CNBC -TV18, Gaurav Goel, MD of the company said, “We welcome the government’s step to provide subsidy to export sugar. This was needed for an hour. India is going to produce 31-31.50 million tonne vis-à-vis on offtake of about 26 million tonne. So the export of 6 million tonne will help to reduce the sugar stocks in India.”

“What we are seeing generally is about one-fifth of what we produce will be for exports. We have sufficient stock to meet the export quota,” he further added.


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