development of iron and steel industry is very important in India. explain ??
Answers
1)All the other industries depend on it for their Machinery.
2)Steel is needed to manufacture a variety of engineering goods.
3)It provides variety of consumer goods.
4)Construction material, defence,medical,telephonic,scientific equipments etc. are the gift of iron and steel industry.
Hey buddy..... here's your answer
--->Steel is a very profitable thing which is high in demand these days.
--->A country where the production of steel is more is profited and this production process helps the country to develop ,as many foreign companies and MNCs start coming to the country.
--->Building of MNCs in the country and opening up of foreign companies also improves the quality of steel.
--->As many foreign companies and MNCs start coming up,they bring with them new technology and machinery which leads to the country's development.
--->Everything we use is made of steel.From a pin to a bridge, everything has steel.Hence, production and consumption of steel is often regarded as the index of a country's development.
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