Indian cabinet approves bailout package for sugar sector: government source

Reuters  |  NEW DELHI 

(Reuters) - India's cabinet approved a bailout package for the sugar sector, a government source said on Wednesday after a cabinet meeting chaired by Narendra Modi, to help struggling mills and cane growers.

on Tuesday said the government would announce support measures to cut a growing sugar surplus and prop up local prices, a move aimed at helping loss-making mills and millions of cane growers who make up a key voting bloc.

(Reporting by Mayank Bhardwaj; Editing by Malini Menon)

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First Published: Wed, June 06 2018. 13:35 IST