Sugar sector grown into Rs 1.3 lakh cr industry: Food Minister Pralhad Joshi
Pralhad Joshi
said on Thursday.
The minister was addressing the 'Cooperative Sugar Industry Conclave 2025' & 'National Efficiency Award Ceremony'.
"Under the PM Shri @narendramodi ji's leadership, India's sugar sector has grown into a Rs 1.3 lakh crore industry (annually), driving rural prosperity, energy security and green power through reforms like record ethanol blending and Atmanirbharta in fuel," Joshi said on a social media post.
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It is inspiring to see how the sector's evolution is shaping a sustainable, self-reliant future for India, he added.
The event was organised by National Federation of
Cooperative Sugar Factories
Limited. It was established in 1960 to build a strong and vibrant co-operative sugar sector in India.
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All cooperative sugar factories and state cooperative sugar federations across the country are its members.
India's ethanol production capacity has jumped more than four times in the last 11 years of the Modi government to 1,810 crore litres annually with the help of favourable policy initiatives, according to a senior official.
With an enhanced installed production capacity, the blending of ethanol with petrol has surged to around 19 per cent from 1.53 per cent in 2013, leading to huge savings in foreign exchange - more than Rs 1.10 lakh crore - as well as benefits to sugarcane and foodgrain farmers.
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