Question

describe the important factors for the establishment and history of iron and steel industry in india​

Answer 1

Explanation:

The Iron and Steel industry is one of the largest industries in India and has a significant impact on the Indian economy.

Attempts to establish iron and steel units were actively being made in the early years of 1800. The very first attempt was made in the year 1808 by Mr. Duncan of the East India Company which soon met its end.

James Erskine started a small iron blast furnace in the jungles of Kulti, in the year 1870. The production of iron soon began under the name of Bengal Iron Works Company which later changed to Burrakar Iron Work. This company, however, was failing to gain the government’s backing due to its bad quality of iron. Thus, the company was shut down for 8 years and reopened after it was acquired by the Bengal Iron and Steel Company.

Even though the company produced over 50,000 tons of pig Iron per annum, it failed to make profits in steel production due to the poor quality of ore used. This, however, changed in 1910 when the company began using better quality Iron ore. In the year 1926, the company changed its name to Bengal Iron Company Ltd.

Answer 2

Factors for the establishment of iron and steel industry in India: ... Availability of cheap labor is the main factor for establishment of industries. • The important factor which is useful in the establishment of these industries is that they are near to the market where products can be easily sold.