The Indian Sugar & Bio-Energy Manufacturers Association (ISMA) welcomed the Government of India’s decision to approve the export of 1 million metric tonnes (MMT) of sugar for this season and extended its sincere gratitude to Prime Minister Narendra Modi, Home Minister Amit Shah, Union Minister of Consumer Affairs, Food & Public Distribution Pralhad Joshi, and Minister of Road Transport & Highways Nitin Gadkari for their visionary leadership and consistent support for the sector.
ISMA called the decision a major boost for sugar mills and sugarcane farmers.
“This progressive step addresses surplus sugar stocks and demonstrates the government’s commitment to supporting the sugar industry and the rural economy. This timely decision will significantly aid sugar mills by enhancing financial liquidity, ensuring timely payments to sugarcane farmers, and contributing to the overall strength of the agricultural economy. It is a testament to the government’s focus on a sustainable and thriving sugar sector. The approval is in line with ISMA’s long standing demand for allowing exports to enhance liquidity, ensure timely payment to farmers and stabilise the domestic sugar economy, “ISMA stated.
Deepak Ballani, Director General, Indian Sugar & Bio-Energy Manufacturers Association (ISMA), said, “The permission to export 1 MMT of sugar reflects the government’s commitment to balance domestic availability with industry’s financial health. This decision provides significant relief to sugar mills, enabling them to generate crucial revenue, which will contribute to timely cane payments to farmers.”
ISMA also thanked Sanjeev Chopra, Secretary of the Department of Food and Public Distribution, Government of India, for his support and assistance to the sugar and bio-energy sector.
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