What is a large _ scale industries
Answers
Large Scale Industries are Capital Intensive which requires a lot capital investments. This Industries are with more than 100 millions fixed asset and it makes use of heavy machineries. It gives a huge employment opportunities as it conducts huge no. of business operations on regular basis.
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Large scale industries are referred to as those industries that are having huge infrastructure, raw material, high manpower requirements and large capital requirements. Those organisations having a fixed asset of more than 10 crore rupees are considered to be large scale industries.
The growth of the economy is very much dependent on these industries. Such industries work towards bringing in foreign reserves, generating employment opportunities and paving the way for economic growth.