Tag: industrialisation and urbanisation

Agriculture and Processed Food Products Exports Development Authority (APEDA), set up in 1986, promotes the exports of 'processed' foods also and there is no need to set up another body for the same.

Industrialisation is the process of manufacturing consumer goods and capital goods and of building infrastructure in order to provide goods and services to both individuals and businesses. As such Industrialisation plays a major role in the economic development of underdeveloped countries with vast manpower and varied resources.

Industries require a lot of cheap labour.

The industries requiring large quantities of heavy raw materials are located near the places having abundant availability of that raw materials. This is the basic step taken by any industries to reduce transportation cost of raw material.

Industries tend to locate in areas that have high population. The main reason is to get cheap labour in huge quantity.

Transport is essential to procure raw materials from the sources to the industry and transfer the finished products to the market. Even we can say transport is the back bone of any industry without transport we cannot produce our product in market for sale.

Capital/Money is essential to set up any industry. If we have good plan or idea for business but we do not have capital/money, we are not able to setup industry or implement our idea.