date:Jan 18, 2013
This year, the Indian sugar industry produced more than the domestic demand, but incurred losses due to cheaper imports. The current duty structure of just 10 per cent, coupled with the low prices of sugar in the international market, led to the inflow of a large quantity of raw and processed sugar in the country.
Raising the issue, Ajit Shriram, co-chairman, CII Task Force on Sugar, and deputy managing director, DCM Shriram Consolidated Ltd, said, The Indian sugar industry, one of the main dri