An Analysis on the Financial Performance and Production Efficiency of Selected Sugar Mills in the State of Tamilnadu, India

Doctoral Thesis / Dissertation from the year 2012 in the subject Economics - Finance, grade: None, course: Ph.D, language: English, abstract: AN ANALYSIS ON THE FINANCIAL PERFORMANCE AND PRODUCTION EFFICIENCY OF SELECTED SUGAR MILLS IN THE STATE OF TAMILNADU, INDIA Abstract: Under the structured Industrial Development Policy in India, sugar industry was part of the Five-Year Plans introduced in 1951 and has been under the direct control of the Governmentever since. Sugar industry is highly politicized and so closely controlled by the Government which has no parallel in the industry. Government control, covers all aspects of sugar business i.e., licensing/capacity/cane area/procurement/sugar pricing/distribution and imports and exports. Sugar scene in India has been that of protectionism. Overall government policy has given impressive results. Competition became intense and customers more demanding on quality and service. A moot question that arises in this context is that because of low productivity in agriculture and the increasing competition faced, to what extent the Indian sugar industry could be financially viable. This doubt is attempted to be clarified by examining a sample of sugar industries operating in the state of Tamil Nadu. With the industrial development, the present study attempts to examine the financial performance on the one hand and the productivity of the sample sugar industry of TamilNadu on the other. Hence, the scope of the study extends from the Financial Accounting to Industrial Economics.