Abstract
“Sugar is sweet but producing of sugar is not that much of sweet”. Every crystal required at least a drop of sweet. Sugar factory is an agro-based industry. Almost, all the sugar factories improving the economic conditions of the particular rural area by contributing its own share to the nation. The raw material for sugar factory is sugar cane, besides a main product of sugar that comes under the essential commodities act. The By-products are molasses, Bagasse and Press mud. The sugar factory gives direct and indirect employment opportunity of the people in that area. The sugar factories are also earning foreign exchange by way of export of sugar. India is the fourth major sugar producing country in the world. The first three are Russia, Brazil and Cuba in the order. Sugar Industries occupies an important place among organized industries in India. It ranks third largest industry in terms of its contribution to the net value added by manufacture and Employment. Now there are 420 sugar factories in India with the total installed capacity of 15 million tons.
Keywords: Sugar Industry, Financial performance, Profit Allocation, Production Cost, Working capital, Staff position.
References
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