ROLE OF SUGAR INDUSTRY SECTOR IN DEVELOPING THE INDIAN ECONOMY
Journal Title: PARIPEX-Indian Journal of Research - Year 2015, Vol 4, Issue 1
Abstract
Under the structured Industrial Development Policy, sugar industry was part of the Five-Year Plans of Indian Planning system introduced in 1951 and has been under the direct control of the Government ever since. Sugar industry is highly politicized and so closely controlled by the Government which has no parallel in the industry. Government control covers all aspects of sugar business i.e. licensing/capacity/cane area, procurement/pricing/sugar pricing/distribution and imports and exports. Sugar scene in India has been that of protectionism. The mills, the farmers and the consumers all have been protected one way or another. Whereas the protection to farmer and consumer has been consistent, it has not been so consistent for the mill owners. But, winds of liberalization have touched sugar industry also. Due to relaxation of licensing rule after economic liberalization took place in 1991, the imports of sugar was freely allowed and exports were deregulated to some extent. Competition became intense and customers are more demanding on quality and service. Sugar however remains insulated; liberalization and reforms touched sugar limiting to only imports and in some way in exports.
Authors and Affiliations
Prof. A. G. POLICEPATIL, Dr. Sumeet S. Giram
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