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Question
What are the main characteristics of the ancillary industries in India?
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Solution
The
industries which make parts and components used by big industries to assemble
their final products are known as ancillary industries. For example: -
Industries which manufacture automobiles, railway engines, tractors, etc. are ancillary
industries.
Characteristics
of Ancillary industries are:
- It is engaged
in the manufacture or production of parts, components, sub-assemblies, tooling
or intermediates.
- It proposes
to supply 50 per cent of its production or services to one or more other
industrial undertakings.
- They have fixed investment in plant and machinery
not exceeding Rs. 1 crore.
The industries which make parts and components used by big industries to assemble their final products are known as ancillary industries. For example: - Industries which manufacture automobiles, railway engines, tractors, etc. are ancillary industries.
Characteristics of Ancillary industries are:
- It is engaged
in the manufacture or production of parts, components, sub-assemblies, tooling
or intermediates.
- It proposes
to supply 50 per cent of its production or services to one or more other
industrial undertakings.
- They have fixed investment in plant and machinery
not exceeding Rs. 1 crore.
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