Manufacturing Industries

Manufacturing is a process, which involves transforming the raw materials into finished goods of higher value for sale in the local or distant markets. Manufacturing industries can be classified on the basis of: Raw materials Output Size Ownership, and Nature of manufactured goods The location of industries is influenced by several factors like access to raw materials, power, market, transport, labour and historical factors. The major industries in our country are of Iron and steel, cotton textile, sugar, petrochemicals and the knowledge based industry. These industries are unevenly distributed in the country. They are concentrated in certain locations, known as the industrial regions in India. These manufacturing industries are important, as they contribute significantly to the country’s economy. The Government aims at balanced regional development. For this, Industrial policy was announced in 1991. The major objectives of this policy were to attain international competitiveness, growth in gainful employment, maintain a sustained growth in productivity, corrections of distortions or weaknesses that have crept in and to build on the gains already made. The steps which were taken to implement this policy are: Foreign investment policy Access to the capital market Open trade Free entry to foreign technology Abolition of industrial licensing Abolition of phased manufacturing programme, and Liberalised industrial location programme Liberalisation, Privatisation and Globalization are three main dimensions of the policy. Major industrial regions of the country are: Mumbai-Pune Industrial Region Hugli Industrial Region Bangalore-Chennai Industrial Region Gujarat Industrial Region Chota Nagpur Region Vishakhapatnam-Guntur Region Gurgaon-Delhi-Meerut Region, and Kollam-Tiruvananthapuram Region

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