Question 14 Marks
State meaning and importance of large scale industries.
Answer
View full question & answer→Large scale industries are referred to as those industries that are having huge infrastructure, raw-material, high manpower requirement and large capital investment. Those organisation having a fixed asset of more than ₹ 10 crore are considered to be large scale industries. Iron and steel industry, textile industry, manufacture of heavy machinery, ship building are some examples of large scale industries.
Large scale industries are vital for the development of any country. A country's economic success is determined by the growth, development and functioning of the large scale industries.
The basic characteristics of large scale industries are below :
(i) Huge quantities of raw materials are used. They may be obtained from the nearby areas within the country or may come from distant places outside the country.
(ii) A very large number of labourers, often more than a thousand, are employed in the big factories.
(iii) Skilled, trained and efficient labour is required. Managerial staff, required for organisation, administration and marketing, is employed in large numbers.
(iv) Capital investment is high involving more than a crore of rupees.
(v) Work is highly mechanised in large scale industries. Heavy power operated machines in large numbers are involved in every operation from manufacturing to packaging. Power consumption is, therefore, very high in the large scale industries.
(vi) Mass production of high quality finished products requires proper marketing. The markets are located both within and outside the country.
(vii) As the manufactured products are in large quantities and are often heavy and bulky, good transportation network is required for sending them to the markets.
All developed countries of the world like USA, UK and other West European countries owe their economic success to large scale industries. Post-Independent, India saw a rapid growth in the development of large scale industries. Basic as well as heavy industries like iron and steel, aluminium and consumer industries like cotton textiles, paper etc. belong to this category.
Large scale industries are vital for the development of any country. A country's economic success is determined by the growth, development and functioning of the large scale industries.
The basic characteristics of large scale industries are below :
(i) Huge quantities of raw materials are used. They may be obtained from the nearby areas within the country or may come from distant places outside the country.
(ii) A very large number of labourers, often more than a thousand, are employed in the big factories.
(iii) Skilled, trained and efficient labour is required. Managerial staff, required for organisation, administration and marketing, is employed in large numbers.
(iv) Capital investment is high involving more than a crore of rupees.
(v) Work is highly mechanised in large scale industries. Heavy power operated machines in large numbers are involved in every operation from manufacturing to packaging. Power consumption is, therefore, very high in the large scale industries.
(vi) Mass production of high quality finished products requires proper marketing. The markets are located both within and outside the country.
(vii) As the manufactured products are in large quantities and are often heavy and bulky, good transportation network is required for sending them to the markets.
All developed countries of the world like USA, UK and other West European countries owe their economic success to large scale industries. Post-Independent, India saw a rapid growth in the development of large scale industries. Basic as well as heavy industries like iron and steel, aluminium and consumer industries like cotton textiles, paper etc. belong to this category.
