Transcription of Sugar Report final 29th may - NITI Aayog
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Sugar Report final 29th may - NITI Aayog
MARCH 2020 Page | 2 Page | 3 Foreword India is the largest consumer of Sugar in the world. The Sugar industry is amongst the most important agro-based industries in the country that impact livelihood of about 5 crore farmers and their family members and 5 lakh workers directly employed with the Sugar mills. There are more than 700 installed Sugar factories in the country with crushing capacity of about 340 lakh MT of Sugar and annual turnover of about Rs 80,000 crore. These numbers reflect the important role the Sugar industry plays in India s economy. However, with Sugar prices falling for a couple of years in a row while sugarcane prices moving up over the last few years, has put the industry in serious problems, including that of liquidity. Despite series of measures announced by the Central Government to address these problems, the demand for more assistance has not subsided.
Sugar Mills Association, National Federation of Cooperative Sugar Factories, Confederation of Indian Industries, sugarcane farmers from Maharashtra and Uttar Pradesh, etc., in its meetings. The task force broadly deliberated on (i) long-term solutions to the problems faced by
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