Reeling under a huge debt burden of Rs 50,000 crore, the sugar industry today asked the government to restructure debt and extend interest subvention on soft loans for another three years.
A representation in this regard has been made to the PMO as well as Finance Minister Arun Jaitley recently by both private and cooperative sugar mills bodies — Indian Sugar Mills Association (ISMA) and National Federation of Cooperative Sugar Factories.
Yesterday, a delegation-led by NCP chief and former agriculture minister Sharad Pawar met Jaitley and discussed the issue in detail.
“In addition to the industry’s requests for financial restructuring and re-schedulement of repayment of loans, the ethanol…
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