What is cooperative sector industry? Why sugar industry is ideal for cooperative sector.
Answers
Cooperative sector industries are industries owned and managed by a private individual with the help of a group of people.
The sugar industry is ideal for the cooperative sector because sugar produced in these industries can be stored very conveniently, traded easily and the quality of the sugar produced does not usually degrade and remains uniform.
Also when a larger quantity of sugar is produced in the mills, the production costs go down.
cooperative sector industries are owned by producers or suppliers of raw material...i.e.some large farmars can think to open an industry and the profit or loss will be equally shared among them.
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.Now,
sugar industry should ib ideal if suited in cooperative sector because
1.It is seasonal in nature.
2.as the owners are the producers themselves .,it reduces the production cost.
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For example .sugar industy in maharastra
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