write two chemical industry called basic Industry and why
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Iron and steel industry is know as basic industry because all industries whether heavy or light depend on it for the machineries.
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Iron and steel industry is called the basic industry due to following reasons: All industries whether heavy, medium or light depend on it for the machinery. Thus, it provides base to the other industries. Steel is required for manufacturing variety of engineering, construction and defence goods.
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The industries whose finished products are used as raw materials for other industries are called basic industries. As iron is used as raw material in many industries, it is called basic industry.
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