Question

Classify iron and Steel plant under public and private sector in India

Answer 1

Public Sector

Those owned by the public or the government

SAIL(Steel Authority Of India Limited)

Private Sector

Those owned by a private individual or a group of individuals privately.

TISCO(Tata Iron and Steel Company )

Answer 2

Iron and Steel plant under public and private sector in India:

• Steel industries can be classified on the basis of 'ownership in India'.

• 'Public, joint and private sector' industries are the types of industries on the basis of ownership.

• Public sector industries are those which are controlled, run and managed by the state.

• It may be run and managed by the different sectors of the state.

• Similarly, the industry which is 'managed, controlled and run' by an individual or group of people are known as the private sector industries.

• Likewise, the steel industries that are 'managed and controlled' by both the private and public sector are known as the joint sector industries.

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