Pune: Sugar sector should consider its complete decontrol, said Nationalist Congress Party chief Sharad Pawar while addressing the Sugar Conclave in Pune on Monday.
Pawar said, “The sugar industry is operating for the last 60 years, and time has come to reconsider the norms and regulations of the sector. In the case of complete decontrol, the sector should be ready to bear the effects.”
The Indian sugar industry is suffering from various hurdles from last two to three years, and to bring the sector out of the crisis, the government had introduced various measures like soft loan scheme, hike in minimum selling price, scrapping of export duty, 100 per cent rise in import duty, financial assistance in export.
In the current season, sugar production witness decline. According to the Indian Sugar Mills Association (ISMA), 440 sugar mills are in operation in the country and sugar production till 15th January, 2020 is at 108.85 lakh tonnes as compared to the 147.40 lakh tonnes produced by 511 sugar mills as on 15th January’ 2019. This is 38.55 lakh tonnes lower as compared to last season’s production for the corresponding period.
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