Question

Why have most of the iron and steel plants been set up in the public sector?

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Answer 1

Answer:

Explanation: most of the steel plants have been set up in the public sector because: there are large infrastructural facilities such as good transportation, banking and fuel supply. they require huge capital investments that can't be provided by private sector.

Explanation:

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Answer 2

Explanation:

(i) Huge investment is required for setting up and running the industry which may not be possible for the private sector.

(ii) Huge infrastructural facilities that are pre-requisite necessities like efficient and modern transportation and communication, abundant fuel and power supply, etc. are available in the public sector.

(iii) Due to fast technical advancement, it calls for continuous upgradation of research and development and technology.

(iv) It starts production and profit making in the long run, so it may not be suited for the private sector only. Tata steel is in the private sector.