Pune, Nov. 8 -- Maharashtra's sugar industry is facing an unprecedented financial crisis due to inconsistent government policies, restrictions on ethanol production and drought conditions, according to National Federation of Cooperative Sugar Factories Chairman Harshvardhan PatilThe situation could become even more alarming next year due to an expected decline in sugarcane production, Patil who is also a former Cooperation Minister, warned in a chat with mediapersons in Solapur on Sunday.
Expressing concern over the growing difficulties faced by the sugar sector, Patil said sugarcane farmers, sugar factories and other stakeholders associated with the industry were under severe financial pressure.
He also warned that banks and financial in...