On the spot: Shishir Bajaj, CMD, Bajaj Hindustan

"In the last 30 years many players entered the sugar industry and some also did well but could not make huge progress because the industry itself was regulated. The industry has seen a major transition in the last two years when delicensing was introduced. Today, we are talking of global scales and the buzzword is that downstream industries like ethanol and power co-generation have started showing good potential, which even the state governments are supporting"