Latest news with #CooperativeSugarIndustryConclave2025
Hans India
11 hours ago
- Business
- Hans India
Sugar industry has shot up to Rs 1.3L cr mark: Pralhad Joshi
Union Consumer Affairs, Food & Public Distribution Minister Pralhad Joshi on Thursday said that India's sugar sector has, under the leadership of Prime Minister Narendra Modi, grown into a Rs 1.3 lakh crore industry, driving rural prosperity, energy security and green power through reforms like record ethanol blending and Atmanirbharta in fuels. Addressing the 'Cooperative Sugar Industry Conclave 2025' at Dr. Ambedkar International Centre here, the minister said: 'It's inspiring to see how the sector's evolution is shaping a sustainable and self-reliant future for India.' The collective strength of the nation, innovation and efficiency have transformed this sector, he added. In an X post, Joshi said: 'Addressed the 'Cooperative Sugar Industry Conclave 2025' & 'National Efficiency Award Ceremony' at Dr. Ambedkar International Centre, New Delhi, where we celebrated the remarkable progress of India's sugar cooperative sector'. The minister had earlier highlighted that nearly 5 crore farmers (including family members) are engaged in the cultivation of sugarcane in India, and the industry is providing ample employment opportunities both directly and indirectly. He emphasised that the Centre, under the leadership of the Prime Minister, accords top priority to the welfare of farmers and safeguarding the interests of consumers as well as the industry, thereby ensuring collaborative efforts to improve agricultural practices. Joshi also highlighted India's commitment to advancing technology and skills in the sugar and biofuel sectors. Emphasising India's cultural and economic reliance on sugar, he noted India's status as the world's largest sugar consumer and a significant biofuel producer, achieving over 12 per cent ethanol blending with petrol and aiming for 20 per cent soon.
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
Sugar sector grown into ₹1 trillion industry: Food Minister Pralhad Joshi
India's sugar sector has grown to become a Rs 1.3 lakh crore industry, and it is driving rural prosperity and energy security, Union Food Minister 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. 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. 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. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
a day ago
- Business
- Time of India
Sugar sector milestone: Industry hits Rs 1.3 lakh crore mark; Union minister Pralhad Joshi says growth fuels rural prosperity & energy security
India's sugar sector has grown into a Rs 1.3 lakh crore annual industry, playing a key role in rural development, energy independence, and green fuel production, Union Food minister Pralhad Joshi said on Thursday. Speaking at the 'Cooperative Sugar Industry Conclave 2025' and 'National Efficiency Award Ceremony', Joshi credited policy reforms under Prime Minister Narendra Modi 's leadership for transforming the sector. '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 in a post on social media. He added that it was inspiring to see the sector's evolution shaping a sustainable, self-reliant future for the country, PTI reported. The conclave was organised by the National Federation of Cooperative Sugar Factories Limited, which was established in 1960 to support a vibrant cooperative sugar ecosystem. All cooperative sugar factories and state cooperative sugar federations across India are members of the federation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo A senior official noted that India's ethanol production capacity has expanded more than fourfold in the past 11 years to 1,810 crore litres annually. Ethanol blending in petrol has also climbed from 1.53% in 2013 to around 19% now, resulting in foreign exchange savings exceeding Rs 1.10 lakh crore and boosting returns for sugarcane and foodgrain farmers. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
a day ago
- Business
- Time of India
Sugar sector grown into Rs 1.3 lakh cr industry: Food Minister Pralhad Joshi
India's sugar sector has grown to become a Rs 1.3 lakh crore industry, and it is driving rural prosperity and energy security, Union Food Minister 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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Huesca : ¿Qué compañía eléctrica tiene las facturas más baratas? Energía más barata Más información Undo 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. Live Events 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.
Hans India
a day ago
- Business
- Hans India
India's sugar industry has surged to Rs 1.3 lakh crore mark: Pralhad Joshi
New Delhi: Union Consumer Affairs, Food & Public Distribution Minister Pralhad Joshi on Thursday said that India's sugar sector has, under the leadership of Prime Minister Narendra Modi, grown into a Rs 1.3 lakh crore industry, driving rural prosperity, energy security and green power through reforms like record ethanol blending and Atmanirbharta in fuels. Addressing the 'Cooperative Sugar Industry Conclave 2025' at Dr. Ambedkar International Centre here, the minister said: "It's inspiring to see how the sector's evolution is shaping a sustainable and self-reliant future for India." The collective strength of the nation, innovation and efficiency have transformed this sector, he added. In an X post, Joshi said: "Addressed the 'Cooperative Sugar Industry Conclave 2025' & 'National Efficiency Award Ceremony' at Dr. Ambedkar International Centre, New Delhi, where we celebrated the remarkable progress of India's sugar cooperative sector". The minister had earlier highlighted that nearly 5 crore farmers (including family members) are engaged in the cultivation of sugarcane in India, and the industry is providing ample employment opportunities both directly and indirectly. He emphasised that the Centre, under the leadership of the Prime Minister, accords top priority to the welfare of farmers and safeguarding the interests of consumers as well as the industry, thereby ensuring collaborative efforts to improve agricultural practices. Joshi also highlighted India's commitment to advancing technology and skills in the sugar and biofuel sectors. Emphasising India's cultural and economic reliance on sugar, he noted India's status as the world's largest sugar consumer and a significant biofuel producer, achieving over 12 per cent ethanol blending with petrol and aiming for 20 per cent soon. The Minister underscored the role of biofuels in combating climate change and detailed the positive impacts of India's Ethanol Blended with Petrol (EBP) Programme on the sugar industry and farmers. Meanwhile, India's sugar production is projected to rise by 15 per cent in the 2025–26 season (October–September) to around 35 million tonnes, driven by expectations of an 'above-average' monsoon, which is likely to boost cane acreage and yields in key producing states such as Maharashtra and Karnataka, according to Crisil Ratings. The anticipated growth in output is expected to ease tightness in domestic supply and may also support higher ethanol diversion and a potential revival in sugar exports, the report said.
