Of this, 35 lakh metric tons of sugar was used to prepare ethanol and 359 lakh metric tons of sugar was produced by sugar mills. Also, India has now emerged as the largest producer and consumer of sugar in the world and the second largest exporter of sugar in the world.
The ministry said that with supportive international prices and central government policies, the Indian sugar industry has achieved this feat. Due to this, foreign exchange of about 40 thousand crore rupees has been earned.