FandBNews.com is reporting that companies involved in this sector estimate that the change may result in 20-25% annual growth. The reasons: 1) the industry can now sell sugar based on business interests; and 2) the sugar levy (tax) has been removed.
Sugar Technologists Association of India, estimates that India's sugar mills sell 70% of sugar to the food and beverage industry. The other 30% is sold to consumers.
Photo: Cut sugarcane on a street in Kolkata, India via Wikipedia Commons.