June 2024
·
67 Reads
·
2 Citations
Jahangirnagar University Journal of Business Research
Sugar cane stands out as a plant that is very effective at converting solar energy into biomass and sugary substances. It is a plentiful supply of fuel, chemicals, fodder (green cane plant leaves and tops, bagasse, molasses, and to some extent press mud), food (sucrose, jaggery, and syrup), fibre (cellulose), and other nutrients. Bagasse, molasses, and press mud are the principal byproducts. Gud, sukker, or khandeswari, made from sugarcane, has been a traditional sweet in Bangladesh since ancient times. These sweeteners can also be made from palm and date juice. The study's objectives are to investigate the significance of subsidiaries in improving the sugar industry's financial performance. Multiple regression analyses has been used to evaluate the sugar industry's economic success based on secondary data. After accounting for the losses of other units, such as sugar and agro-firms, the analysis has found that the distillery unit dramatically increases net profit every financial year. The sugar division and the agro-farm units have positive impact on the net profit because losses from the sugar division and the agro-farm unit reduce day by day. The fertilizer unit also generates an adequate profit, which helps to prevent other units, such as sugar and agro-firms, from going bankrupt. The government and policymakers use this example as a benchmark for developing policies that address the government's losses in other sectors and transform them into profitable ones.