Cooperative sector industries are operated by producers and suppliers of raw material. Which of the following is an example of a cooperative sector industry?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Sugar industry.
- Co-operative sector industries are run by the producers and suppliers of raw materials. Sugar industry is an example of a co-operative sector industry.
- Maharashtra has the highest number of sugar mills in India, with a total of 195 units.
- Uttar Pradesh has the largest area under sugarcane cultivation, which is about 50% of the country's total area, yet it ranks second with 155 sugar mills.
- Sugarcane is the primary raw material for sugar production in India. Maharashtra has the largest number of factories, while Kerala is known for the trade and distribution of sugar-related products.