Ad Here  
March
April
May
June
July
August
 
 
Our own Silicon Valley On the banks of Bhavani Safe bet on solar LMW: Spinning Success... All that glitters… Knitting for the globe To make companies TN their home... Cognizant to buy out TRiZetto for US $ 2.7 Bn Mediville amidst a modern industrial complex Silk city to auto city Crafting spaces to excellence No break for growth... The city never sleeps Water, water everywhere… Weaving knowledge and wealth Marching Towards Navratna Radiant Rajasthan... Power position brightens The Indian punch to global FMCG giants! Windfall in locked lands TN lost several Tata projects… Aavin leads second milk revolution Samarapungavan and Sankarabharanam Powering industrial dreams... Give fridges and washing machines free... Queen of industrial clusters Dynamic pricing is so destructive! Yen for research and development Growing industrial outpost Chaos at Chettinad house When Chennai caught up with Petro-boom... TEAM BUILDING AND NURTURE LEARNING… Manpower for plastics... Amazon runs into trouble with Karnataka government Changing horizons.... Bitter state of the sweet sector Unique Tirupur water supply scheme Pearl city to port city A silent revolution at Sowripalayam The year of resurgence... Rise and fall of India’s calcium carbide industry Health insurance on growth curve Centre of modern industrial temples Kalinga Plant ready to ROLL Weaving wealth... Tap the big land resource Needed – a strong machine tool industry Bonanza in locked lands... Ports-gateways to trade... Focus on increasing ethanol production... I scream... Largest blast furnace at Burnpur A positive sign for Make In India Indian majors’ industrial hub Platinum years of engineering innovation, building skills... Schwing Stetter forays into tower crane business ‘Swachh’ city... Changing face of Bhiwadi Textiles: a stitch in time High sugarcane prices crush industry Sugar as a byproduct of sugar mills… Farmer’s Friend Bland skies henceforth? Automatic cars zip ahead... Tractor Industry in low gear
 
Farmer’s Friend

The sugar industry is the backbone of the rural economy besides contributing heavily for the exchequer of the state. Presently there are 43 sugar mills in all with an installed capacity of 30 lakh tonnes valued at Rs. 7000 crore.  More than five lakh farming families in Tamil Nadu depend on the sugar industry for their livelihood.  This is the only industry where more than 75 per cent of turnover is distributed in the rural area thus creating massive employment opportunities in the villages where the mills are located.    

The industry continuously upgrades its R&D activities to identify new cane varieties to increase the yield that will ultimately help the farming community. Their support to cane growers in pest control, mechanisation, installation of drip irrigation systems and obtaining credit from banks for farming activities at reasonable interest rates is noteworthy.  

Sugar Industry

Creating wealth from waste

Sugar industry is a model for other industries in creating wealth from waste. Bagasse removed from the cane before crushing is used as fuel for generating electricity. The industry has an installed capacity to produce 659.40 MW of electricity. With the mismatch in power demand and supply, sugar mills have upgraded their boilers to operate on dual fuel- bagasse .

Molasses, another waste generated during the process of making sugar, is used as cattle feed and also for producing industrial alcohol. Another important contribution by the sugar industry is ethanol. Ethanol mixed fuel program helps to reduce import of petroleum crude thus saving precious foreign exchange for the country. There is aim to reach 5 per cent ethanol mix with fuel whereas Brazil - world’s top sugar producer- is moving towards increasing the ethanol blend with gasoline from 25 per cent to 27 per cent.   

Like any other commodity business, sugar industry is also exposed to trade and weather cycles.  Despite these, sugar industry has many a times, reinvented itself.   Sugar industry is the most important building block in creating a vibrant rural economy in Tamil Nadu.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com