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Kovur Co-Operative Sugar Factory Ltd, Nellore

Decent Essays

INDUSTRY PROFILE Sugarcane belongs to the genus SACCHARAM. The word Sugar is as derived from the Sanskrit word SHARAKARA fro which the word SACCHARAM seems to have been derived indicates the antiquity of knowledge of sugarcane in India. Sugar Industry is the second largest agro based industry in India next to textiles, producing an all time record of 400 lakes tones of direct plantation sugar as on 30th April 2005. It has emerged as the largest vacuum pan sugar producer in the world. Sugarcane is grown in about 102 countries in the world and India occupies the first rank from the point of area-followed by Brazil and Cuba. Andhra Pradesh occupies the fifth place with regard to cane area and cane production in …show more content…

1955. There are certain problems faced by the sugar producing countries in the world including India. While there will be some differences in different regions, common platform. Whether it is a matter of marketing, exports, Government subsidies or transport problems all have a commonality of features in themselves

In India Sugar Industry, in spite of producing of huge quantity during the last two years i.e., 2003-2004 and 2004-2005, is passing through a crisis. The factories are facing crisis due to insufficient availability of working capital. Further, there is no reasonable price for sugar in the market. The prices are prevailing between Rs. 16007- and 1750/- per quintal. Due to this the factories are starving for funds to maintain the general routine works. The sugar industry is trying too hard to impress upon the Government to name

INCENTIVES FOR EXPORT The International prices are very low at present. The sugar industry is in a position to export at least two million tones without hampering internal marker stock. The Government of India replaced Sugar Export Promotion Act. 1958 by issuing an ordinance in January, 1957. This Act was enabling the sugar industry to bear the losses on its equitable basis. However, in the absence of this, the losses are

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