No objection to Rel investing in sugar sector
Big investors like Reliance should invest in sugar industry in the North-Eastern states, West Bengal, Bihar and Orissa to ensure reasonable prices and timely availability of the sweetener in the region, government said on Tuesday.
By PTI |
NEW DELHI: Big investors like Reliance should invest in sugar industry in the North-Eastern states, West Bengal, Bihar and Orissa to ensure reasonable prices and timely availability of the sweetener in the region, government said on Tuesday.
"I will welcome (Reliance) paying higher prices to sugar farmers in Maharashtra but I suggest the companies should set up sugar factories in those states where the sugar prices are high", Agriculture Minister Sharad Pawar told reporters here.
He said it was preferable for these firms to invest in such states rather than high growing states like Maharashtra.
Pawar said Bihar, which once boasted of a prosperous sugar belt, was now left with old and less efficient sugar mills.
Pawar said he had discussed the issue with Bihar Chief Minister Nitish Kumar.
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