Sugar Industry in India is the second largest agro-based industry in the country next to cotton textiles. The Indian Sugar Industry is playing a pivotal role in rural development, supporting over about 50 million sugarcane farmers, their dependents and a large mass of agricultural laborers involved in sugarcane cultivation, harvesting, machine manufacturing etc. of almost 671 sugar mills and ancillary activities, constituting some 7.5% of the rural population. In addition, about 0.5 million skilled and semiskilled workers, mostly from the rural areas are engaged in the sugar industry.
Thus, the sugar industry has been a focal point for socio-economic development in the rural areas by mobilizing rural resources, generating employment & higher income, besides giving a fillip to transport and communication facilities.
Sugar Industry in India has come a long way from its inception in the 1930s. In 1950, there were 139 sugar factories in the country with an annual installed capacity of 16.7 lakh tonnes and now the country has about 671 sugar factories(including closed ones) with an annual sugar production of 241 lakh tonnes. India has 20% of the total sugar mills in the world and accounts for about 15% of the global production.
Based on the past ten years’ growth in consumption and estimates from various independent sources, it is expected that in 2017, the domestic sugar consumption would be approximately 28.5 million MT. Given the high cost of imports and the strategic importance of food security, India would need to target its production in excess of domestic consumption. Given the past trend in production cyclicality, sugar equivalent to 1.5 months of consumption i.e. an additional 3.5 million MT of sugar would need to be produced by 2017. Therefore the sector has huge investment potential.
Sugar industry is a highly controlled industry starting from sugarcane prices, cane area to sugar prices resulting very thin margins. Our enzymatic solutions are really a boon to the industry to marginally improve the profitability. Our products improve the process efficiency in terms of viscosity reduction at various stages of sugar manufacturing process.