Sugar Mills Body wants Cane Policy Overhaul

  • Tamil Nadu, the country’s fourth largest sugarcane producing state, needs to overhaul its policy and rationalise taxes to ensure the mills are profitable, an official of Indian Sugar Mills Association (ISMA) said.
  • The current policy puts the burden solely on the mills and this leads to mounting cane arrears said Abinash Verma, ISMA Director General.
  • He suggested removal of five per cent VAT on sugar.
  • He said it raised the cost of sugar produced in Tamil Nadu, which was already high due to low sugar recovery.