date:Nov 12, 2012
would pave the way for huge investments in sugar industry. This industry has been stagnating in the last five-six years. There is hardly any new investment and people are sceptical because of uncertainties.
India is the second largest producer of sugar at nearly 340 million tonnes and the annual output is worth around Rs 80,000 crore (around $ 15.5 billion). The industry impacts the livelihood of 50 million farmers and employs 5 lakh people directly at the mills, stated Goel.
He added, The sug