There is a bitter dispute brewing in the sugar industry over the production estimates for 2016 and 2017. The sugar industry body Indian Sugar Mills Association (ISMA) has been under fire from the government for lowering their output estimates to 20.3 million tonnes. Food Minister Ramvilas Paswan outrightly dismissed ISMA's projections and even called it misleading. He also exuded confidence in India's sugar production and said that there will be no need to import sugar to meet domestic demand. To talk more about this, we have with us Abinash Verma, Director General of ISMA.
Watch accompanying video for more...
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!