SUGAR DELICENSING - NOTHING TO RAVE ABOUT
Article Abstract:
The Indian government delicensed the sugar industry in August (1998) and also abolished the minimum economic size norm of 2,500 tonnes crushed per day (tcd). The move has not made much of an impact on the domestic sugar industry. This is so because entrepreneurs set up new wills to avail of the incentive of selling 100 percent in the open market. Excess capacity is a major problem in the industry with licensed capacity currently at 28.4 million tonnes. This despite the long drawn out process of acquiring a letter of intent (LoI). The incentives led to a haphazard growth of the industry with no economies of scale, Indian sugar industry is uncompetitive in world markets. The new sugar policy does not address the problems of distribution controls and levy sugar purchases by the government. It does not attempt to resolve the problem of arrears or of sick mills in Uttar Pradesh and Maharashtra. (uh)
Comment:
India: Government delicenses sugar industry in 8/98 & abolishes minimum economic size norm of 2,500 tons crushed per day
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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SUGAR-THE INDIAN SCENARIO: BALRAMPUR CHINI
Article Abstract:
Balrampur Chini Mills Ltd (BCML) crushed 1.5 million tonnes of sugarcane at its plant at Balrampur in eastern Uttar Pradesh during 1997-98 (1.4 million tonnes during 1996-97). This plant has a capacity of 10,500 tonnes crushed per day (TCD). The plant produced 0.15 million tonnes of sugar during 1997-98 (0.13 million tonnes). BCML also crushed 0.97 million tonnes of cane at its Babhnan unit (0.85 million tonnes) and produced 0.1 million tonnes of sugar (0.08 million tonnes). The Babhnan plant has a capacity of 5,500 TCD. During 1997-98, BCML also acquired a majority stake in Tulsipur Sugars which has a capacity to crush 2,500 TCD. (ag)(vr)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1999
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REFINERIES: LIGHT AT THE END OF THE TUNNEL
Article Abstract:
The petroleum refineries in India which are under government control are to be completely deregulated by 2002 AD. The refineries can now charge competitive prices after the government has linked the domestic prices of some petroleum products like naphtha and furnace oil with international prices. The domestic prices of other products like petrol, high speed diesel and aviation turbine fuel prices, which are currently based on the landed cost of imports, would be deregulated over 1998-2002. The prices of kerosene are the lowest in the world. India's oil pool deficit stands at around Rs182 billion. (pc)
Comment:
India: Petroleum refineries which are under government control are to be completely deregulated by yr 2002
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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