Sonoli (Maharajganj): With the Nepal government’s decision to lift import restrictions on Indian sugar, the mills can sell their sugar in the neighbouring Himalayan country.
Gokul Prasad Baskota, the spokesperson of Nepal government, announced that Nepal has contracted to import 20,000 metric tonnes of sugar. Out of this, Food Management and Trade Company Limited and Salt Trading Corporation Limited to import 10,000 metric tonnes of sugar each.
Nepal will levy 50 per cent less customs duty than before on sugar imported from India. With the lifting of import restriction, it has paved the way for sugar mills in India to encash this opportunity and explore for sugar export in Nepal. India is already struggling with the surplus sugar, and export in Nepal can help in to reduce the sugar glut in India.
The import ban was imposed after the domestic sugar industry claimed that they cannot compete with sugar from other countries. The excessive supply of cheaper foreign sugar in the domestic market had lowered the demand for comparatively costly Nepali sugar.
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