The general election is just weeks away, but bailouts are not what the industry needs, just real reform.
In a major move to help mills clear off mounting cane arrears that’s causing widespread protests by cane growers, the Indian cabinet has announced yet another soft loan of INR105.40 billion followed by a further INR33 billion for ethanol production. These are the sixth and seven major bailout measures in less than 10 months. Under this,
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