Indian sugar industry is hoping for a partial decontrol since a long period of time. Sources indicate that the Food Ministry has referred sugar deregulation to C Rangarajan and a partial decontrol of sugar could be expected soon. CNBC-TV18 also learns that the levy on sugar and release order could be done away with.
Vivek Saraogi, managing director of Balrampur Chini Mills, in an interview to CNBC-TV18, gave his views on how the sugar sector will perform going forward. Saraogi expect government to do away with release mechanisms and mill levy.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!
