According to the available indications in the Vedic literature, sugar industry, with its glorious past and bright future, has its origin in India. The growth of the industry has been quite slow till 1929-30. In 1931, the industry was granted protection, which resulted in its rapid growth. The performance of industry has been satisfactory in the plan period. The policy measures of liberalization, privatization and globalization (LPG) have not produced the desired results; instead, the industry has suffered a setback in the sense that the rate of output growth, capacity expansion and capacity utilization have witnessed a decline in the post-liberalization era. However, the cause for the decline is not the failure of LPG, but the neglect of agriculture in which lie the roots of this industry.
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Volume (Year): III (2006) Issue (Month): 4 (November) Pages: 83-89 Download reference. The following formats are available: HTML
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Handle: RePEc:icf:icfjie:v:04:y:2006:i:4:p:83-89
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