About 930 carbon credit projects are resting in Indian carbon trade basket, while 160-180 such projects are likely to be added every year. India has the capacity of earning a whooping US$100 billion by the trade of CERs, while CERs worth US$ 300 million has been already sold globally by India. Given the scale of sugar enterprises in India, the industry should come up in a big way to en-cash the potential of CER trading, said Dr. S N Dash, Secretary, Ministry of Heavy Industry& Public Enterprises.
He was speaking at a National seminar on Indian Sugar Machinery Industry organised by the Confederation of Indian Industry (CII), here today. He pointed out that the industry can make significant contribution in meeting the national power requirements. In 2008, 10% ethanol blending to petrol was permitted and the affects are being studied. Sugar industry can therefore supplement ethanol production and reduce nation's dependence on petrochemicals.
Dash highlighted that sugar machinery exports have been showing a steady growth of 35% per annum over the last five years. By virtue of its quality, the industry has established its credentials overseas. On the domestic front, the Indian sugar industry has a turnover of Rs. 700 billion per annum and contributes almost 22.5 billion to central and state exchequer every year.
Urging the government to liberate the sugar industry, Mr. Samir S Somaiya, President, Indian Sugar Mills Association said, that the part of Indian industry liberated by the government of India has made a mark globally, the IT & Telecom sectors. Sugar industry can also be a case of successful liberalization in India. The demands made by the industry 50 years ago have not seen any major policy initiative. We need to have a drastic relook at the sector and examine the way forward by liberalising.
Sidharth Shriram, Chairman, Mawana Sugars Ltd said that the industry has potential for CER trading, energy efficiency, exports and imports and reaching capacities. Therefore the industry should come-up with a 20-25 years roadmap and get all the stakeholders subscribe to it. This will see active participation from the Industry and government to achieve greater global heights.
K B Pranesh, Managing Director, Fives Cail - KCP Ltd shared a SWOT analysis of the sector. According to him India holds edge over China in terms of quality and competitive cost advantage of Sugar Machinery. However the industry needs to have IPR protection in place. While an open market will decide the economics of the industry, uniting effort in quality standards amongst small and micro enterprises should be undertaken.
Vivek Verma, Managing Director, Spray Engineering Devices Ltd., said that the focus of industry should be to lead a de-controlled regime. The government of India has always lend its ears and industry should make right proposals pertaining to policy framework, state-of the art technology, energy efficiency, and the likes for attaining globally competitive status.
Earlier in the welcome remarks, Aditya Puri, Chairman Sugar Machinery Division of CII & Managing Director ISGEC, said that the suppliers should be well acquainted with the technological advancements in this field. The Indian industry has to keep upgrading to manufacture products better than the best in the world.
He was speaking at a National seminar on Indian Sugar Machinery Industry organised by the Confederation of Indian Industry (CII), here today. He pointed out that the industry can make significant contribution in meeting the national power requirements. In 2008, 10% ethanol blending to petrol was permitted and the affects are being studied. Sugar industry can therefore supplement ethanol production and reduce nation's dependence on petrochemicals.
Dash highlighted that sugar machinery exports have been showing a steady growth of 35% per annum over the last five years. By virtue of its quality, the industry has established its credentials overseas. On the domestic front, the Indian sugar industry has a turnover of Rs. 700 billion per annum and contributes almost 22.5 billion to central and state exchequer every year.
Urging the government to liberate the sugar industry, Mr. Samir S Somaiya, President, Indian Sugar Mills Association said, that the part of Indian industry liberated by the government of India has made a mark globally, the IT & Telecom sectors. Sugar industry can also be a case of successful liberalization in India. The demands made by the industry 50 years ago have not seen any major policy initiative. We need to have a drastic relook at the sector and examine the way forward by liberalising.
Sidharth Shriram, Chairman, Mawana Sugars Ltd said that the industry has potential for CER trading, energy efficiency, exports and imports and reaching capacities. Therefore the industry should come-up with a 20-25 years roadmap and get all the stakeholders subscribe to it. This will see active participation from the Industry and government to achieve greater global heights.
K B Pranesh, Managing Director, Fives Cail - KCP Ltd shared a SWOT analysis of the sector. According to him India holds edge over China in terms of quality and competitive cost advantage of Sugar Machinery. However the industry needs to have IPR protection in place. While an open market will decide the economics of the industry, uniting effort in quality standards amongst small and micro enterprises should be undertaken.
Vivek Verma, Managing Director, Spray Engineering Devices Ltd., said that the focus of industry should be to lead a de-controlled regime. The government of India has always lend its ears and industry should make right proposals pertaining to policy framework, state-of the art technology, energy efficiency, and the likes for attaining globally competitive status.
Earlier in the welcome remarks, Aditya Puri, Chairman Sugar Machinery Division of CII & Managing Director ISGEC, said that the suppliers should be well acquainted with the technological advancements in this field. The Indian industry has to keep upgrading to manufacture products better than the best in the world.