
Pune district, home to over 21 sugar factories—12 of which are cooperatives—stands as Maharashtra's third-largest sugar producer, contributing 12.17 percent to the state's total output, according to the Vasantdada Sugar Institute. Once envisioned as an engine for rural empowerment, these influential sugar industries have now become a potent political tool, shaping electoral strategies and vote banks.
"Operating sugar factories is beneficial," says Ajit, a farmer and factory worker. "Workers and farmers are financially tied to the mills, which also employ people across constituencies." These intricate connections between economics and politics are sharply visible in Baramati, a hotspot for the upcoming Maharashtra assembly elections.
Here, Nationalist Congress Party (NCP) leader Ajit Pawar, contesting under the Bharatiya Janata Party (BJP)-led Mahayuti banner, is pitted against his nephew Yugendra Pawar, a Maha Vikas Aghadi (MVA) candidate backed by Sharad Pawar. The Pawars' influence over the region's sugar industry is indisputable.
The Pawars dominate the local sugar industry: Ajit Pawar's career began with his 1982 election to a sugar factory board, while Sharad Pawar's relatives—Rajendra and Rohit Pawar—run Baramati Agro Limited, a prominent sugar mill. According to a report by Maharashtra Times, the companies under Ajit Pawar have bought several sugar factories.
This story is from the November 19, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 19, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In

India Must Aim to Lift Female Workforce Participation Rate to 70% by 2047: Dawra
Achieving a 70 per cent labour force participation rate for women by 2047 is crucial to make India a developed nation, and the government is working to turn it into a reality, Union Labour Secretary Sumita Dawra (pictured) said on Wednesday.
Rupee records best day in three weeks
The rupee posted its highest single-day gain since February 11 on Wednesday because of the weakening dollar, and dollar sales by the state-owned banks on behalf of the Reserve Bank of India, said dealers.

RBI to inject ₹1.9 trn in banking system
Anticipating tight liquidity conditions by the end of the current financial year (FY25) amid tax outflows and banks rushing to meet targets, the Reserve Bank of India (RBI) on Wednesday announced fresh measures that would infuse close to ₹1.9 trillion of liquidity in the banking system.

Coforge shares rise 8.4% on Sabre deal
Shares of Coforge rose as much as 11.1 per cent in intraday trading on the BSE on Wednesday, helped by its record $1.56 billion deal with US travel and technology company Sabre.

FPIs pay 20% capital gains tax in some emerging markets
Debate rages over if capital gains tax in India contributed to foreign outflows

Trump signals no reciprocal tariff reprieve for India
Analysts say possible measures by US could cost India $7 bn a yr

'Tech Nobel' goes to adaptive machine learning researchers
Teaching machines in the way that animal trainers mould the behaviour of dogs or horses has been an important method for developing artificial intelligence and one that was recognised Wednesday with the top computer science award.

Covered key issues: EAM on talks with UK counterpart
External Affairs Minister S Jaishankar on Wednesday said the dialogue with his UK counterpart, David Lammy, covered the entire gamut of bilateral ties, including the relaunched Free Trade Agreement (FTA) negotiations, strategic coordination, and political cooperation.
US Pushes India To Cut Auto Tariffs In Trade Deal Talks
The United States wants India to eliminate tariffs on car imports under a proposed trade deal between the two nations, but New Delhi is reluctant to immediately bring down such duties to zero even as it considers further cuts, sources told Reuters.
Trump's tariff war cry
US President signals escalating trade wars