Insta
Government Shows A Sweet Heart; Will Double Support To Sugar Mills To Boost Exports
A farmer stands with bullock carts laden with sugarcane outside a sugar factory in Maharashtra. (PUNIT PARANJPE/AFP/Getty Images)
India will provide export support of Rs 13.88 per 100 kg of sugarcane to sugar mills in a bid to boost exports, BloombergQuint has reported. The support provided by the government prior to this raise was Rs 5.5 and the new rates will kick in from 1 October. According to BloomberQuint sources, the government is also planning to reimburse transport expenses of Rs 1,000 to Rs 3,000 per ton. .
However, the food ministry’s spokeswoman has refused to comment on the report. The hike in export support, if implemented, will lead to higher rural incomes in case of a bumper harvest and help in boosting exports. Higher cane prices had influenced farmers to grow higher yield variety (HYV) of sugarcane, according to the director- general of the Indian Sugar Mills Association, Abinash Verma.
The Cabinet Committee On Economic Affairs (CCEA) was expected to take up the matter on Wednesday. However, the issue was skipped in the recent meeting. The matter may be taken up next week, according to a report by MoneyControl.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
