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Financial Health of Food Processing Industry in Tinsukia District of Assam

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Financial Health of Food Processing Industry in Tinsukia District of Assam


Mukunda Madhab Gogoi

https://doi.org/10.31142/ijtsrd3578



Mukunda Madhab Gogoi "Financial Health of Food Processing Industry in Tinsukia District of Assam" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-6, October 2017, pp.647-652, URL: https://www.ijtsrd.com/papers/ijtsrd3578.pdf

Food processing industry transforms raw food stuff or semi finished food into a convenient form for the use of end users. This industry is linked with the activities of agriculture, horticulture, plantation, dairy, animal husbandry and fisheries. Development of food processing industry minimises wastage of agricultural raw materials, increases the value of agricultural products and ensures better prices to farmers as well as affordable prices to consumers. The researcher has made an attempt to access financial analysis of the food processing industry of the district. The financial analysis of the food processing industrial units is attempted to make through liquidity measurement, solvency measurement, profitability measurement and break even analysis. The infrastructural problem, existence of large number of unskilled workers, absence of wider market, frequent strikes, improper banking provisions, absence of government supports are found as the major hurdles in the development of food processing units in Tinsukia district. Though the food processing industrial units are contributing a lot towards the district economy as well as state economy, the policy makers and the governmental officers are seen to neglect their role and contribution. There is a need to transform the outlook of young generation of the district

financial analysis; liquidity; solvency; profitability; breakeven analysis


IJTSRD3578
Volume-1 | Issue-6, October 2017
647-652
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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