"the factor for the location of IT industry are very different from those required for iron and steel and textile industry" elaborate
Answers
The factor for the location of IT industry are very different from those required for iron and steel and textile industry
- Components Influencing the Location of Industries : Geographical and Non-Geographical Factors!
- Geographical Factors which effects are
- Raw Material
The importance of raw materials in manufacturing industry like iron and steel is so essential that it needs no underlining. Indeed, the locality of industrial establishments is sometimes determined simply by location of the raw materials. Industry now days like IT firms is so complicated that a massive range of raw materials is required for its enhancement.
- Power
Routine supply of energy is a must requirement for the growth of industries. Coal, mineral oil and hydro-electricity are the three most important traditional sources of power. Most of the industries tend to emphasis at the power source.
The iron and steel business which depends on large amounts of coking coal as power are regularly tied to coal fields. Where as in IT industry to run all the machines and systems electricity would be required.
- Labour
Whether its any industry labour is a vital requirement in the field. Without human intelligence nothing can go on floor.
Some other Major factors are Water, Transport, market and climate which should be favourable according to the nature of the business.
- Non-Geographical Factors
- Capital
To start any sort of business capital is the utmost requirement, same to start a steel and iron industry heavy capital investment is required. In IT industry also heavy investment is required but somehow the capital requirement is less that any metal manufacturing industry.
- Government Policies
Factors like Government policies can not directly but indirectly can hamper the organisations for both industries it is very essential to be updated with the ongoing policies to run in the competitive market.
- Banking Facilities
If a company is running then they will be occurring profits or may be losses to facilitate both and do the transactions smoothly banking services are essential
To know more
5 physical factors which influence the location of industry
https://brainly.in/question/2447743
Describe any three factors that control industrial location.
https://brainly.in/question/301018