MANUFACTURING INDUSTRIES

Classification of Industries List the various manufactured products you use in your daily life such as – transistors, electric bulbs, vegetable oil, cement, glassware, petrol, matches, scooters, automobiles, medicines and so on. If we classify the various industries based on a particular criterion then we would be able to understand their manufacturing better. Industries may be classified as follows: On the basis of source of raw materials used: • Agro based: cotton, woollen, jute, silk textile, rubber and sugar, tea, coffee, edible oil. • Mineral based: iron and steel, cement, aluminium, machine tools, petrochemicals.

According to their main role: • Basic or key industries are those which supply their products as raw materials to manufacture other goods e.g. iron and steel and copper smelting, aluminum smelting. • Consumer industries that produce goods for direct use by consumers – sugar, toothpaste, paper, sewing machines, fans etc. On the basis of capital investment: • A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.

This limit has changed over a period of time. At present the maximum investment allowed is rupees one crore. On the basis of ownership: • Public sector, owned and operated by government agencies – BHEL, SAIL etc. • Private sector industries owned and operated by individuals or a group of