Food minister Ram Vilas Paswan has said that the government is mulling export incentive proposal in the cabinet meeting scheduled to take place next week. The move is aimed to benefit India's sugar industry, which is world's top sugar producer after Brazil.
The proposal was due to be discussed on Wednesday, but it has now been postponed for the next week cabinet meeting.
According to the government sources, the government may make it compulsory for the sugar producing mills to export 5 million tonnes of sugar and also increase the overseas sales for the 2018/19. In the proposal, increasing the price of the sugarcane growers to Rs 138 a tonne from Rs 55 a tonne may also be discussed.