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Question

On the basis of ownership how many types of industries

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Solution

Dear Student

Classification the basis of Ownership
1. Private Sector Industries.
:Industries owned by individuals or firms, such as Bajaj Auto or TISCO (Jamshedpur), are called private sector industries.
2. Public Sector Industries.​​​​​​ :Industries owned by the state and its agencies like Bharat Heavy Electricals Ltd., or Bhilai Steel Plant or Durgapur Steel Plant are Public Sector industries.
3. Joint Sector Industries. :​Industries owned jointly by the private firms and the state or its agencies such as Gujarat Alkalies Ltd., or Oil India Ltd. fall in the category of joint sector industries.
4. Co-operative Sector Industries :Industries owned and run co-operatively by a group of people who are generally producers of raw materials of the given industry such as a sugar mill owned and run by farmers are called co-operative sector industries.



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