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Cabinet approves bailout package for sugar sector: government source

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's cabinet approved a bailout package for the sugar sector, a government source said on Wednesday after a cabinet meeting chaired by Prime Minister Narendra Modi, to help struggling mills and cane growers.

Food Minister Ram Vilas Paswan on Tuesday said the government would announce support measures to cut a growing sugar surplus and prop up local prices, a move aimed at helping loss-making mills and millions of cane growers who make up a key voting bloc.

(Reporting by Mayank Bhardwaj; Editing by Malini Menon)

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First Published: Jun 06 2018 | 1:36 PM IST

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