The Indian sugar industry is of particular importance for the country’s economy – it is not merely a producer of a necessary food item but rather an intricate ecosystem combined with the livelihoods of countless farmers, workers, and other supporting industries.
The government has marked the sector as one of the pillars of economic growth. It is believed to have enormous potential to aid India’s energy dominance goal through ethanol production. This changing role of the sugar provider into a bioenergy powerhouse accentuates this Indian sugar industry’s value positioning further.
Unfortunately, the sugar industry is suffering from a myriad of issues that pose a threat to its long-term viability. These challenges must be dealt with strategically as they can arise from agricultural drawbacks, political inconsistencies, and many other avenues.
The weak points of the industry in question allow even minute changes in political policies, climate, or pest and disease concentration to have steep negative effects. These challenges are all interconnected and form the following broad categories:
