NEW DELHI: India, the biggest client and second-largest producer of sugar globally, has achieved a outstanding feat by being named the Chair of the Worldwide Sugar Organisation (ISO) for the yr 2024.
In response to a press launch by the Ministry of Client Affairs, Meals and Public Distribution, this announcement got here throughout the 63rd council assembly of the ISO held in London, signifying India’s ascendancy within the world sugar sector.
Sanjeev Chopra, Secretary (Meals), Authorities of India, expressed India’s dedication to spearheading sustainable practices in sugarcane cultivation, sugar and ethanol manufacturing and maximizing the utilization of by-products.
With a considerable 15 per cent share in world sugar consumption and contributing 20 per cent to world sugar manufacturing, India’s affect on world sugar tendencies is plain, stated the press launch.
The nation’s standing as the biggest client and the second-largest producer makes it a great candidate to steer the apex worldwide physique for sugar-related merchandise, the Worldwide Sugar Organisation, which boasts a membership of round 90 international locations.
Whereas Brazil holds the sway within the Western Hemisphere, India, standing because the market chief within the Jap Hemisphere, performs a pivotal function in shaping the worldwide sugar market.
Moreover, India’s ascent to being the third-largest nation on the planet in ethanol manufacturing underscores its dedication to inexperienced vitality and addressing challenges associated to surplus sugar within the home market, stated the press launch.
India’s proactive method towards inexperienced vitality is clear in its outstanding enhance in ethanol mixing, reaching 12 per cent within the monetary yr 2022-23, up from 5 per cent in 2019-20.
This aligns with the nation’s efforts to scale back dependence on fossil gasoline imports and contribute to assembly Cop26 targets. Ethanol manufacturing has surged from 173 crore litres to over 500 crore litres throughout the identical interval.
The Indian sugar trade has showcased resilience and adaptableness, evident throughout the Covid-19 pandemic. Working mills throughout lockdowns and contributing to the nation’s demand for hand sanitisers, the trade has confirmed its robustness.
Importantly, India has turn into the payer of the very best cane value to its farmers whereas sustaining effectivity, profitability, and self-sufficiency with out counting on authorities monetary help.
The sugar trade’s synergy with the federal government has resulted in a historic low in cane dues pendency. Greater than 98 per cent of cane dues for the 2022-23 season have been cleared, and over 99.9 per cent of cane dues from earlier seasons have been settled, said the press launch.
This displays the trade’s dedication to prioritizing the well-being of farmers.
India has set a benchmark in retaining home sugar retail costs constant and secure, limiting the rise to only 5 per cent, regardless of a world surge of about 40 per cent in a single yr, learn the press launch.
This consumer-centric method has positioned India as a accountable participant within the world sugar market.
On the technical entrance, the Nationwide Sugar Institute in Kanpur has prolonged its collaboration with a number of international locations, together with Indonesia, Nigeria, Egypt, and Fiji, learn the discharge.
This collaboration goals to share the most recent applied sciences and finest practices within the sugar sector, showcasing India’s dedication to fostering worldwide cooperation.
As India assumes the chair of the Worldwide Sugar Organisation for 2024, the nation is poised to steer the worldwide sugar trade towards sustainable practices, collaborative innovation, and accountable development, additional solidifying its standing as a key participant within the worldwide area.
In response to a press launch by the Ministry of Client Affairs, Meals and Public Distribution, this announcement got here throughout the 63rd council assembly of the ISO held in London, signifying India’s ascendancy within the world sugar sector.
Sanjeev Chopra, Secretary (Meals), Authorities of India, expressed India’s dedication to spearheading sustainable practices in sugarcane cultivation, sugar and ethanol manufacturing and maximizing the utilization of by-products.
With a considerable 15 per cent share in world sugar consumption and contributing 20 per cent to world sugar manufacturing, India’s affect on world sugar tendencies is plain, stated the press launch.
The nation’s standing as the biggest client and the second-largest producer makes it a great candidate to steer the apex worldwide physique for sugar-related merchandise, the Worldwide Sugar Organisation, which boasts a membership of round 90 international locations.
Whereas Brazil holds the sway within the Western Hemisphere, India, standing because the market chief within the Jap Hemisphere, performs a pivotal function in shaping the worldwide sugar market.
Moreover, India’s ascent to being the third-largest nation on the planet in ethanol manufacturing underscores its dedication to inexperienced vitality and addressing challenges associated to surplus sugar within the home market, stated the press launch.
India’s proactive method towards inexperienced vitality is clear in its outstanding enhance in ethanol mixing, reaching 12 per cent within the monetary yr 2022-23, up from 5 per cent in 2019-20.
This aligns with the nation’s efforts to scale back dependence on fossil gasoline imports and contribute to assembly Cop26 targets. Ethanol manufacturing has surged from 173 crore litres to over 500 crore litres throughout the identical interval.
The Indian sugar trade has showcased resilience and adaptableness, evident throughout the Covid-19 pandemic. Working mills throughout lockdowns and contributing to the nation’s demand for hand sanitisers, the trade has confirmed its robustness.
Importantly, India has turn into the payer of the very best cane value to its farmers whereas sustaining effectivity, profitability, and self-sufficiency with out counting on authorities monetary help.
The sugar trade’s synergy with the federal government has resulted in a historic low in cane dues pendency. Greater than 98 per cent of cane dues for the 2022-23 season have been cleared, and over 99.9 per cent of cane dues from earlier seasons have been settled, said the press launch.
This displays the trade’s dedication to prioritizing the well-being of farmers.
India has set a benchmark in retaining home sugar retail costs constant and secure, limiting the rise to only 5 per cent, regardless of a world surge of about 40 per cent in a single yr, learn the press launch.
This consumer-centric method has positioned India as a accountable participant within the world sugar market.
On the technical entrance, the Nationwide Sugar Institute in Kanpur has prolonged its collaboration with a number of international locations, together with Indonesia, Nigeria, Egypt, and Fiji, learn the discharge.
This collaboration goals to share the most recent applied sciences and finest practices within the sugar sector, showcasing India’s dedication to fostering worldwide cooperation.
As India assumes the chair of the Worldwide Sugar Organisation for 2024, the nation is poised to steer the worldwide sugar trade towards sustainable practices, collaborative innovation, and accountable development, additional solidifying its standing as a key participant within the worldwide area.
