What are the main factors that contribute to the success of tisco
Answers
Raw material: Mostly large integrated steel plants are located close to source of raw materials, as they use large quantity of heavy and weight losing raw materials. Eg: Concentration of Iron and steel industry in Chota Nagpur region-Presence of Iron ore in this region. TISCO at Jamshedpur.
Markets: As its heavy & bulky transportation cost is high. Therefore nearness to market is important especially for mini steel plants access to nearby markets is most important in order to minimize transportation cost. Also as mini steel plants rely on scrap metal they are mostly present in Maharashtra. Visakhapatnam steel plant located near the coast has excellent import-export facility
Labour: Availability of cheap labour is also important. Eg: Rourkhela plant, Orisa; Bhilai steel plant in Chattisgarh, mostly in Chota Nagpur region
Availability of electricity mostly hydro and water for cooling. Eg: Bokaro steel plant on banks of river Damodar, Visheshwarya steel plant, Kar near river Bhadra.
Answer:
There are many factors influencing the locations of Iron and steel industries such as [TISCO]…
Raw material: Mostly large integrated steel plants are located close to source of raw materials, as they use large quantity of heavy and weight losing raw materials. Eg: Concentration of Iron and steel industry in Chota Nagpur region-Presence of Iron ore in this region. TISCO at Jamshedpur.
Markets: As its heavy & bulky transportation cost is high. Therefore nearness to market is important especially for mini steel plants access to nearby markets is most important in order to minimize transportation cost. Also as mini steel plants rely on scrap metal they are mostly present in Maharashtra. Visakhapatnam steel plant located near the coast has excellent import-export facility
Labour: Availability of cheap labour is also important. Eg: Rourkhela plant, Orisa; Bhilai steel plant in Chattisgarh, mostly in Chota Nagpur region
Availability of electricity mostly hydro and water for cooling. Eg: Bokaro steel plant on banks of river Damodar, Visheshwarya steel plant, Kar near river Bhadra.