'Determining an ideal industrial location is a challenging undertaking.'
Examine the above statement and elucidate.
Answer to be written in exam
The location of industries depends on a number of physical and socio-economic factors.
are complex in nature as they are
influenced by the availability of raw materials, labor, capital, power, market
, etc. For instance,
Steel centers are developed where coal and iron are easily available
Jute mills in West Bengal and the cotton textile mills in Maharashtra are located due to the availability of raw materials.
at the most appropriate place where all the
factors of industrial location
are either available or can be
arranged at a lower cost
, which is the key determining factor.
Industrialization and urbanization go hand in hand
industry provides employment
to the people of the area and
cities provide markets
as well as
like banking, insurance, transport, labor, consultants, etc. to the industry.
In the pre-Independence period, most
manufacturing units were located
from the point of view of overseas trade such as Mumbai, Kolkata, Chennai, etc.
- Government policies and specialized labor also influence the location of industries. Government policies allowed industries to access advanced technologies and provide employment opportunities to compete with foreign markets.