a semminar report on sugar industry p/z
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The Indian sugar industry is a key driver of rural development, supporting India's
economic growth. The industry is inherently inclusive supporting over 50 million
farmers and their families, along with workers and entrepreneurs of almost 500
mills, apart from a host of wholesalers and distributors spread across the country.
The industry is at a cross roads today, where it can leverage opportunities created by
global shifts in sugar trade as well as the emergence of sugarcane as a source of
renewable energy, through ethanol and cogeneration. While some of these
opportunities have been well researched in the past, there was a need to assess the
potential for India and to develop a comprehensive and actionable roadmap that
could enable the Indian industry to take its rightful place as a food and energy
producer for one of the world's leading economies.
Indian Sugar Exim Corporation (ISEC), an apex body with both Indian Sugar Mills
Association (ISMA) and National Federation of Cooperative Sugar Factories (NFCSF)
as its constituents, has sponsored KPMG for developing this roadmap. Over last
few months, KPMG had extensive discussions with stakeholders across the value
chain – farmers, millers, international traders and policy makers. These were
supported with data collation from various sources, a comprehensive consumer
study and expert views from international sugar research agencies. This report is the
culmination of all these efforts and insights.
The report identifies imperatives for industry stakeholders, both from business and
regulatory perspectives.The impact of these imperatives will enable greater prosperity
for millions of farmers and drive future growth of the industry in domestic and
international markets, while contributing towards food and energy security for India.
We appreciate the contribution of the KPMG team in developing this roadmap and
the industry stakeholders and policy makers now need to work together to enable
its successful implementation.