Business Studies, asked by sandeepbartwal7008, 1 year ago

Iron and steel industry is the basic industry in india

Answers

Answered by sonu87574
2
Iron and steel industry is called basic industry due to following reasons: all industries whether heavy , medium or light depend on it for the machinery . Thus it provides base to the other industries. Steel is required for manufacturing variety of engineering, construction and defence goods

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aditya3736663: good answer sonu
Answered by SachinGupta01
2

(i) In 1904, Charles Weld, an American geologist and Dorabji Tata, the eldest

son of Jamsed ji Tata set up a modern iron and steel plant in India...

(ii) Iron smelters’Agarias’ helped them finding the iron ore deposits at Rajhara hills,Chattisgarh...

(iii) The Tata Iron and Steel Company (TISCO) came up in 1912 and began

producing steel...

(iv) After 2 years of TISCO, in 1914 the First World War broke out, so imports

of British Steel into India declined and the Indian Railways turned to TISCO for supply of rails...

(v) Over the time TISCO became the biggest steel industry within the British

empire...

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