Vijay Banka, CFO, Dwarikesh Sugar Industries in an interview with CNBC-TV18 said, "There is clearly space for another 1 million tonnes of exports because our stock position is very comfortable. We produced about 24.2 million tonne of sugar in 2011. So, clearly there is space for allowing more exports."
Speaking to CNBC-TV18, Vivek Saraogi, managing director of Balrampur Chini said that the government's decision to allow additional sugar exports will benefit the industry.
The government today allowed export of additional 5 lakh tonnes of sugar under the Open General Licenses (OGL).