Lucknow, Nov 24 (UNI) Uttar Pradesh government is all set to initiate the process of setting up ethanol and distillery plants from next year for greater commercial viability of the sugar industry.
The ethanol units will not only help in clearing the glut of the sugarcane produced in the state but would also help the sugar industry to clear the arrears of the farmers.
Owing to sugar market glut and falling prices, the domestic sugar companies have been facing cash flow challenges, which had prompted commercial banks to put the sector in the negative list.