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Sugar industry: Ministry discusses ways and means to create R&D fund

2016-03-01 07:18:17| Sugar Industry News

Ministry of Industries and Production (MoI&P) on Friday discussed ways and means to create a Research and Development (R&D) fund for the sugar industry. Sources in sugar industry told Business Recorder that the Economic Co-ordination Committee (ECC) of the Cabinet on December 7, 2015 approved a cash support for incidental and freight (subsidy) @Rs 13 per kg for export of sugar and directed that the MoI&P should propose an appropriate percentage of the subsidy amount to be committed for Research & Development (R&D).

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