date:Apr 01, 2012
lic distribution.
Verma said that on domestic front the industry is incurring loss year-on-year so export is the only channel to keep the cash flowing. The industry, however, wants the government to remove the cap ceiling on export.
The EGoM (Empowered Group of Ministers) has currently given clearance to 10 lakh tonnes of sugar which is calculated to bring cash flow of Rs 3,000 crore to this loss-making industry.
This year the government permitted export of 30 lakh tonnes of sugar but the mil