BUSINESS NEWS

Sugar Mills to Diversify into Ethanol, CNG Sectors : Pawar – Sugar mills to diversify into ethanol cng sector

Written by admin

Sugar Mills to Diversify into Ethanol, CNG Sectors : Pawar – Sugar mills to diversify into ethanol cng sector

New Delhi, Nov 16 (PTI) Former Agriculture Minister Sharad Pawar has asked sugar mills to focus on diversification in ethanol and other products like CNG.

Nationalist Congress Party chief Pawar on Tuesday said at an award function of the National Federation of Co-operative Sugar Factories (NFCSF) that diversification would enable sugar mills to utilize surplus production and modernize their manufacturing plants.

Pawar lauded the Centre’s decision to provide relief in cases of income tax notices issued to cooperative mills in the five years beginning the 2016-17 session. Along with this, he said that there is a need to provide such relief from 1992-93.

Pawar said that the farmers of the country have achieved record production in terms of sugarcane crop. The sown area of ​​sugarcane has reached 55 lakh hectares. He said that due to this, the production of sugar in the country has increased to 300 lakh tonnes today, while the domestic requirement is 260 to 262 lakh tonnes.

He said sugar mills have been getting ‘recovery’ notices since 1992-93. The government should also provide relief for the remaining 24 years.

Pawar said sugar mills should diversify into areas like CNG, CBG and green hydrogen besides ethanol.

#Sugar #Mills #Diversify #Ethanol #CNG #Sectors #Pawar #Sugar #mills #diversify #ethanol #cng #sector

See also  Eicher Motors shareholders reject siddhartha lal's proposal for reappointment

About the author

admin

Leave a Comment

close
%d bloggers like this: