₹500-cr fund mooted for ethanol production in Maharashtra
The Sugar Commissioner of Maharashtra has recommended to the State government that ₹500 crore be made available to cooperative sugar mills in the State for developing infrastructure and creating capacity for ethanol production.
Sugar Commissioner Shekhar Gaikwad told BusinessLine that due to excess sugarcane on the ground, the sugar inventory has been piling up and it can last up to next two-and-half years in Maharashtra. But due to depressed international prices of sugar, paying Fair and Remunerative Prices (FRP) to the farmers has also become a challenge.
