A study on Managing the Cost in Sugar Industry in India

The main aim of any business firm is to enhance the profit in the current business scenario. To accomplish this purpose the firm has to undertake several activities but today every firm is moving towards cost cutting. The profitability of the firm can be increased by two ways one is by increasing the sales volume and another is by reducing the cost of production. Nowadays cost plays a significant role in any industry and has massive impact over the industry. But cost cutting should not be compromised with the quality and quantity. The main purpose of this research article is deriving better method for cost reduction in sugar industry. Besides this to study the present scenario of sugar industry across the country and review the current positive is one of the aims of this research article.