Why industries provide value addition
Answers
Answer:
Value Addition Industries
To develop and oversee establishment of strategic value adding industries for processing of outputs from local primary production activities for high end-user markets in the value chain. The main focus is on Agro- industry which, is characterized by backward integration of the processing industry with production of industrial feedstock in the agricultural sector. The Directorate also promotes participation of small- scale farmers in large-scale commercial farming as out-growers under the contract farming scheme. In addition, it facilitates establishment on new manufacturing undertakings by developing industrial estates with serviced plots for construction of industrial buildings by investor in the manufacturing sector.:
Answer:
when the raw materials is processed to convert into a usable final product it's utility value and price increase. It covers the cost incurred in processing.