At least 37 mills in the western state of Maharashtra, neighboring Karnataka, and the northern state of Uttar Pradesh have closed operations, said a senior industry official, who declined to be named.
M Manickam, MD, Sakthi Sugars explains to CNBC-TV18 that the different views adopted by the states and the Centre in controlling cane and sugar prices has resulted in mounting arrears which is increasing the pressure on producers across the country.