Synopsis
After multiple attempts were made between 2001 and 2002, finally it was post 2015 that the sugar sector started witnessing a turnaround. Why is this turnaround special? Because all the stakeholders of the sector, the farmer, the industry, the politicians, and customers have been happier in the last nine years. Given the fact that sugar is a subject which comes under both state and central government, it is probably one of the most complex industries to make any changes. Another fact is among the industry which despite being in existence for ages, none of the stocks has been able to reach a level where they would be classified as large cap stocks.This typically happens in industries which operate in specific regions. But in the long run if the sugar industry becomes an integral part of the clean energy system then things might change.
There are very few industries which give a chance to a politician to be politically correct and also economically sensible. But in the last ten years, the way the sugar industry has changed is an example. Just by ensuring that ethanol becomes an integral part of the oil refining and marketing sector all the stakeholders are happy. Industry is happy because with this cash flow has improved and they are able to pay farmers for sugar cane in time,
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