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Uttar Pradesh orders sugar mills to clear dues
April 11, 2017 / 4:27 PM / 8 months ago

Uttar Pradesh orders sugar mills to clear dues

NEW DELHI (Reuters) - India’s biggest sugar producing state of Uttar Pradesh on Tuesday directed mills to clear current dues owed to cane growers within 14 days.

A worker carries a bundle of sugarcane on his head at a farmland near Modinagar in the northern Indian state of Uttar Pradesh, India, March 4, 2016. REUTERS/Anindito Mukherjee/File Photo

Strong action would be taken against companies that fail to clear arrears within the timeframe set by the government, Shrikant Sharma, a minister from the state said in a tweet, without elaborating.

Sugar mills in Uttar Pradesh, which are in poor financial health, owe 60 billion Indian rupees ($930 million) in dues to millions of cane growers across the state, TV channels reported.

($1 = 64.5500 rupees)

Reporting by Sudarshan Varadhan; Editing by Mark Potter

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