Advantage of sugar industry
Answers
Answer:
1. The Indian sugar sector is amongst the largest tax payers to the Central exchequer as well as to the to the State exchequer.
2. The sector plays a significant role in accelerating industrialization process and has been instrumental in resource mobilization, employment generation, income generation and creating social infrastructure in rural areas.
3. GOI’s impetus to ethanol (major by-product of sugar) under EBP programme will help the country to reduce its dependence on crude and narrow its deficit.
4. The sector makes surplus exportable power through cogeneration and has potential to export 7500 MW power. Cogeneration will help to fill the gap between power demand and supply.
5. Total installed cogeneration capacity in all sugar mills is about 4200 MW, of which about 3200 MW is being exported to the grid.
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