- What is meant by the term ‘industry’?
- Which are the main factors which influence the location of an industry?
- Which industry is often referred to as the backbone of the modern industry and why?
- Why cotton textile industry rapidly expanded in Mumbai?
- What are the similarities between information technology industry in Bangalore and California?
- Industry means an economic activity that is related to production of goods, extraction of minerals and the provision of services. Examples for the above are - Iron and Steel Industry, Coal Mining Industry and Tourism Industry respectively.
- Main factors which influence the location of an industry are listed below:
Agro-based
industries
|
Mineral-based
industries
|
·
Agro-based industries use plant
and animal based products as raw materials.
·
These industries provide
employment in rural areas.
·
Agro-based industries are mostly
in private or co-operative sectors.
·
Examples of such industries are -
jute, cotton textile, dairy products, leather industries etc.
|
·
Mineral-based industries are those
that use mineral ores as their raw materials.
·
They provide employment to both
rural and urban areas.
·
These industries are mostly in
public sector because of their large investment requirement.
·
Examples of such industries are -
iron and steel, capital goods industries etc.
|
Public
sector industries
|
Joint
sector industries
|
·
The industries which are owned and
operated by State Govt. or Central Govt. are called public sector industries.
·
They involve huge capital
investments.
·
These industries are managed and
run by workforce appointed by Govt.
·
Examples are Steel authority of
India limited (SAIL), Hindustan Aeronautics Limited (HAL) etc.
|
·
The industries which are owned and
operated by Govt. and an individual or a group of individuals are called
joint sector industries.
·
Capital investments are generally
less than the public sector industries.
·
Both Govt. servants and private
employees run these industries.
·
Example - Maruti Udyog Limited
(MUL).
|


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