CHENNAI: Buffeted by lower cane output and capacity utilisation after a string of crippling drought years, owners and chief executives Tamil Nadu’s private sugar millsNSE 13.61 % had met Prime Minister Narendra Modi on Monday with a memorandum seeking rescheduling of loans and exemption from export subsidies, among others, to help them tide over the crisis.
The delegation led by Palani G Periasamy, President of South Indian Sugar Mills Association, met the Prime Minister, and top bureaucrats in the Food Ministry to explain to them why Tamil Nadu's mills has been facing unique stress factors over the last few years.