Shree Renuka Sugars is the largest sugar refining and ethanol producer in India. It has operations in India, Brazil, and plans to enter the Chinese market. The company has a refining capacity of 4000 tons per day in India and acquired a Brazilian sugar company in 2009, gaining access to 2 million tons of sugar annually. China represents a growth opportunity as the world's second largest economy and largest sugar consumer, with rising incomes increasing demand for discretionary items like sugar.