Uttar Pradesh chief minister Yogi Adityanath on Thursday announced that the state sugar sector would witness the setting up of ethanol and distillery plants from next year for greater commercial viability.
Owing to sugar market glut and falling prices, the domestic sugar companies have been facing cash flow challenges, which had prompted commercial banks to put the sector in the negative list.
Addressing a function here, Adityanath said the 24 cooperative sugar mills would soon be equipped with the additional distillery and power cogeneration units so that they were more viable and created more jobs at the local level. He stressed that