India is the second largest producer of sugar after Brazil and leads in Cane production. In all, approximately Rs. 1,250 crore is invested in this industry and it also provides livelihood for close to 2.86 lakh workers. The industry also benefits nearly 2.5 crore people who grow sugarcane in India.
Owing to the above statistics, sugar is one of the most regulated industry in India. The prices are strictly regulated by the government and also, there are number of incentives and special programmes set up by the government to encourage farmers to grow sugarcane. Apart from this, there are also a number of by products which can be sold in the active market. This broadens the scope of verification to provide assurance.
Our team at KVA dealing with this industry has extensive knowledge of all such provisions which enables us to verify the said compliances with relative ease.