How did iron and steel companies come up in India
Answers
Iron And Steel Factories Come Up In India
Tata Iron and Steel Company began producing steel in 1912.
Soon in 1914 first world war was broke out. Steel produced in Britain had to meet the demand of war in Europe.
Import of British steel into India declined and the Indian Railway, that was expanded at the time, turned to TISCO for supply of rails.
The war dragged on for several years and TISCO had to produce shells and carriage wheel for the war.
By 1919, the colonial government was buying 90% of the steel Manufactured by TISCO. Over time TISCO became the biggest industry within the British empire.
The availability of iron in india can be date back to the period of Indus valley civilisation.Later the availability of these minerals took up the form of industries and companies.Today India is one of the leading countries in producing iron and steel.Some of the iron and steel companies are TISCO at Jamshedpur,IISCO at Burnpur ,Bhilai at Chattisgarh and many more .