An Empowered Group of Ministers (EGoM) has allowed sugar mills to export an additional 10 lakh tonne in 2011-12 under open general licence (OGL). In an interview to CNBC-TV18, Narendra Murkumbi, managing director of Shree Renuka Sugars says, one of the positive things in the current decision is that this whole system of factory wise quotas on export is likely to be scraped.
He further says, the company is hoping to export atleast 2 lakh tonne more under the new system.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
