Question

Classify industries on the basis of raw materials used,their size and ownership with examples

Answer 1

Answer:

On the basis of sources of raw material industries are classified as:  

• Agro based: Agro based industries draw their raw materials from agricultural products.                                                                                               For example, Textiles, Sugar, Coffee, Tea and Edible Oil, etc.
• Mineral based: Mineral based draw their raw material from minerals.    For example, Iron and Steel industries, cement, machine holes, petrochemicals, etc.

On the basis of size and investment, industries are classified into:

• Large Scale Industries: In India, on an industry, if the capital invested is more than 1 crore, then it is called Large Scale Industry. E.g. Iron & Steel Industries, Automobile Industries, etc.
• Small Scale Industries: In India, on an industry, if the capital invested is less than 1 crore, then it is called Small Scale Industry. E.g. Silk weaving, Food processing industries, etc.
• Cottage or Household Industries: These are a type of small scale industry where the products are manufactured by hand, by the artisans with the help of family members. E.g. Basket weaving, pottery, handicrafts, etc.

On the basis of ownership, industries can be classified as:  

• Public Sector: These industries are aimed and operated by the government agencies.
• Private Sector: These industries are owned and operated by private entrepreneurs, e.g., TISCO, Bajaj Auto Ltd., Reliance Industries, Dabur Industries, etc.
• Joint Sector: These industries are jointly run by the state and individual or a group of individuals. Oil India Ltd (OIL) is jointly owned by public and private sectors.
• Cooperative Sector: These industries are owned and operated by the producers or suppliers of raw materials, workers or both. They pool in the resources and share the profits or losses proportionately such as the sugar industry in Maharashtra, the coir industry in Kerala.