what do you mean by ancillary industry?? please answer fast ⏩
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Ancillary industry is an industry which has fixed investment in plant and machines that do not exceed 1 crore rupees. Ancillary industry manufactures parts, components, sub-assemblies, tools, intermediates, machines etc.
ancillary industries are those which manufacture parts and components to be used by larger industries. E.g- industries like GE(ancillary)produce engines for the aircraft industry.
What are the main characteristics of the ancillary industries in India?
The industries which make parts and components used by big industries to assemble their final products are known as ancillary industries. For example: - Industries which manufacture automobiles, railway engines, tractors, etc. are ancillary industries.
Characteristics of Ancillary industries are:
It is engaged in the manufacture or production of parts, components, sub-assemblies, tooling or intermediates.
It proposes to supply 50 per cent of its production or services to one or more other industrial undertakings.
They have fixed investment in plant and machinery not exceeding Rs. 1 crore.
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