Distinguish between the following :
(a) electronic industry and IT Industry .
(b) Iron and Steel Industry
ELECTRONICS and IT INDUSTRY | IRON AND STEEL INDUSTRY |
Information technology is an emerging industry. | The iron and steel and textile industry are the older industries. |
The information technology industry deals in the storage, processing and distribution of information. | This is a feeder industry whose products are used as raw material for other industries. |
The major input for this industry is skilled employees with vast knowledge in technology. | The inputs for the industry include raw materials such as iron ore, coal and limestone, along with labour, capital, site and other infrastructure. |
The major hubs of Information technology industry are the Silicon valley of Central California and the Bangalore region of India. | The countries in which iron and steel industry is located are Germany, USA, China, Japan and Russia. |
The main factors guiding the location of these industries are resource availability, cost and infrastructure. | Availability of raw material, land, water, labour, power, capital, transport and market are the factors determining the location of these industries. |