Iron and steel industry is the basic industry in india
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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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(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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