Centre launched Rs 15,948 crore to sugar mills in final 5 years

Centre launched Rs 15,948 crore to sugar mills in final 5 years

NEW DELHI, Feb 9: The Centre has launched about Rs 15,948 crore below totally different schemes within the final 5 years until January 31 to numerous sugar mills to enhance their liquidity for clearing cane value dues of farmers, Parliament was knowledgeable on Friday.
Minister of State for Commerce and Business Anupriya Patel mentioned the central authorities, with a view to enhance liquidity of the sugar mills enabling them to clear cane value dues of farmers, has introduced these schemes within the final 5 years.
These schemes embrace the creation and upkeep of a buffer inventory of 30 lakh tonne of sugar with impact from July 2018 to June 30, 2019; scheme for defraying expenditure in the direction of inner transport, freight, dealing with, and different costs on the export of sugar season 2018-19; and help to sugar mills season 2019-20 to facilitate the export of sugar.
A scheme for offering help to sugar mills for bills on advertising prices together with, dealing with, upgrading and different processing prices, and inner transport and freight costs for sugar season 2020-21, 2019-20 and 2018-19 was additionally introduced.
“Below these schemes, a sum of about Rs 15,948 crore has been launched to numerous sugar mills of the nation in final 5 monetary years together with the present monetary 12 months until January 31, 2024,” Patel mentioned in a written reply to the Rajya Sabha.
She mentioned that the export of sugar (uncooked, refined and white sugar) has been positioned below a restricted class.
In 2022-23, sugar exports stood at 63 lakh tonne. This fiscal, no export has occurred.
In a separate reply, she mentioned that the federal government has initiated an train to create a brand new on-line platform to attach exporters with varied stakeholders, together with Indian Missions overseas, export promotion councils, and different associate authorities companies.
It might assist present data akin to the main points of varied commerce occasions being organised and supply data on varied Free Commerce Agreements (FTAs).
Replying to a query on FTA, she mentioned that imports of wines and vermouth (a type of fragrant fortified) from Australia stood at USD 8.9 million through the January-December 2023 as towards USD 10 million in the identical interval of 2022.
India-Australia Financial Cooperation Commerce Settlement (Ind-Aus ECTA) got here into impact from December 29, 2022.
“Through the April-December 2023, India’s exports to Australia have grown by 13.78 per cent as in comparison with corresponding interval in 2022, whereas imports from Australia declined by 16.93 per cent, thereby decreasing the commerce deficit by 35.26 per cent,” Patel mentioned.
On wheat export query, the minister mentioned that through the April-November 2023, India has exported wheat to the UAE, Nepal, Iraq. The whole exports in that interval stood at 96,447 tonnes.
Wheat export basically is banned and the Authorities permits the shipments solely on Authorities foundation. (PTI)

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