G20 Sherpa Amitabh Kant calls for consistent sugar policy, industry seeks export relief

G20 Sherpa Amitabh Kant has urged for a long-term predictability and consistency policy for the sugar sector, which he believes is crucial for India's development as a developed economy by 2047. The sector contributes 1.1% to India's GDP and plays a key role in reducing crude import bills, energy transition, circular economy, and achieving net zero emissions. Kant urged the industry to diversify beyond ethanol and invest in research for developing high-yielding, low water-consuming cane varieties.