NFCSF, ISMA DEMAND 150% IMPORT DUTY
Article Abstract:
National Federation of Cooperative Sugar Factories Limited (NFCSF) and Indian Sugar Mills Association (ISMA) have asked the government of India to raise the import duty on sugar to 150 percent to protect the domestic industry. The sugar industry is faced with surplus capacity, free imports and low sugar prices. About 450 sugar manufacturing units are under loss. About 950,000 tonnes of sugar have been imported with a foreign exchange outgo of Rs1,300 crore. Sugar imports are likely to affect 4.5 crore sugarcane farmers. The associations have also expressed disappointment on the delay in implementing the Mahajan Committee Report. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SAMPRE NUTRITIONS TO GET A BITE FROM CADBURY'S PIE
Article Abstract:
Sampre Nutritions Ltd (SNL) of the Gurbani Group of Hyderabad is likely to get more contracts from Cadbury India Ltd for producing sugar boiled confectioneries. The company has an exclusive contract with Cadbury for the last 4 years to produce 3000 tonnes per annum of orange, lemon and mint candies. SNL has set up a plant at a cost of Rs4 crore to manufacture sugar boiled confectioneries and expects to get more business from Cadbury. (khr)
Comment:
Sampre Nutritions Ltd (SNL) of the Gurbani Group of Hyderabad is likely to get more contracts from Cadbury India Ltd for producing sugar boiled confectioneries.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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