Union Food Minister Pralhad Joshi stated on Thursday that India's sugar business, which has grown to be worth Rs 1.3 lakh crore, is the main driver of energy security and rural development.The minister was speaking at the "National Efficiency Award Ceremony" and the "Cooperative Sugar Industry Conclave 2025."
"Under the PM Shri @narendramodi ji's leadership, India's sugar sector has grown into a Rs 1.3 lakh crore industry (annually), driving rural prosperity, energy security and green power through reforms like record ethanol blending and Atmanirbharta in fuel," Joshi said on a social media post.
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He went on to say that it is encouraging to observe how the sector's development is forming India's sustainable, independent future. The National Federation of Cooperative Sugar Factories Limited organized the event. It was founded in 1960 with the goal of creating a robust and dynamic cooperative sugar industry in India. Its members include all state cooperative sugar federations and cooperative sugar factories nationwide. A top official claims that thanks to favorable policy moves, India's ethanol production capacity has increased more than fourfold in the last 11 years of the Modi administration, reaching 1,810 crore litres per year.
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The percentage of ethanol blended with gasoline has increased from 1.53 percent in 2013 to almost 19 percent now due to increased installed production capacity. This has benefited sugarcane and foodgrain producers and resulted in significant foreign exchange savings of over Rs 1.10 lakh billion.
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