- Government announced that India will assume the chairmanship of the International Sugar Organization (ISO), the apex body for sugar and related products, for 2024.
- India is the largest consumer and second largest producer of sugar in the world.
- London-headquartered ISO has announced the appointment of India as the chair of the organization for 2024 in its 63rd Council meeting.
- Leading the global sugar sector is a major achievement for the country and a reflection of the country’s growing stature in the region.
- The main goal will be to bring together all member countries to adopt more sustainable practices in sugarcane cultivation, sugar, and ethanol production, and better utilization of by-products.
- Indian sugar trends deeply influence global markets with about 15% share in global sugar consumption and about 20% of sugar production.
- Now, India is the world’s third largest country in ethanol production after the United States and Brazil.
