Cabinet  Approves  Rs 3,500 Crore Sugar Export Subsidy For 2020-21: Care Ratings
A worker pours sugar into a machine for forming sugar cubes at a mill in Ghaziabad, Uttar Pradesh, India (Photographer Prashanth Vishwanathan/Bloomberg)

Cabinet Approves Rs 3,500 Crore Sugar Export Subsidy For 2020-21: Care Ratings

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Care Ratings Research Report

On December 16, 2020, the Cabinet Committee on Economic Affairs approves assistance of about Rs 3,500 crore towards sugar export for the sugar season 2020-21.

This subsidy aims at covering expenses on marketing costs including handling, upgrading and other processing costs and costs of international and internal transport and freight charges on the export of up to six million tonnes of sugar limited to Maximum Admissible Export Quota allocated to sugar mills for sugar season 2020-21.

Click on the attachment to read the full report:

Care Ratings Sugar Export Subsidy 2020-21.pdf

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