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ISMA welcomes Govt approval for sugar exports
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Tuesday, 21 January, 2025, 12 : 00 PM [IST]
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Our Bureau, New Delhi
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The Indian Sugar & Bio-Energy Manufacturers Association (ISMA), welcomes Government of India decision to approve the export of one million metric tonnes of sugar this season and extends its sincere gratitude to Prime Minister Narendra Modi, Home Minister Amit Shah, Union Minister of Consumer Affairs, Food & Public Distribution Pralhad Joshi, and Minister of Road Transport & Highways Nitin Gadkari for their visionary leadership and consistent support for the sector.
This progressive step addresses surplus sugar stocks and demonstrates Government commitment to supporting the sugar industry and the rural economy. This timely decision will significantly aid sugar mills by enhancing financial liquidity, ensuring timely payments to sugarcane farmers, and contributing to the overall strength of the agricultural economy. It is a testament to Government focus on a sustainable and thriving sugar sector. The approval is in line with ISMA’s long standing demand for allowing exports to enhance liquidity, ensure timely payment to farmers and stabilise the domestic sugar economy.
Deepak Ballani, director general, Indian Sugar & Bio-Energy Manufacturers Association, said, “The permission to export 1 MT of sugar reflects the government’s commitment to balance domestic availability with industry’s financial health. This decision provides significant relief to sugar mills, enabling them to generate crucial revenue, which will contribute to timely cane payments to farmers.”
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