The manufacturing industries convert raw materials into finished goods. This industry makes use of machinery or labour to manufacture finished goods. The economic might of a nation is measured by the development of manufacturing industries. This article will provide an overview of manufacturing industries.
Manufacturing Industries – Location
The location of manufacturing industries is dependent on various factors. The location of manufacturing industries is dependent on the availability of suitable land at the desired price, proximity to the market, and availability of adequate labour, power, and capital. Good connectivity through roadways, railways, etc. is also another important factor.
Manufacturing Industries Clusters in India
The manufacturing industries clusters in India are located in the states of Karnataka, Maharashtra, Tamil Nadu, Andhra Pradesh, Gujarat, Telangana, and Uttar Pradesh.
There are different manufacturing associations in India. Some of them are the Indian Specialty Chemical Manufacturers’ Association, Alkali Manufacturers Association of India, Indian Chemical Council, Telecom Equipment Manufacturers Association (TEMA), and Electronics Industries Association of India (ELCINA).
Manufacturing Industries – Classification
The classification of manufacturing industries is done based on the following:
- Based on Ownership
- Based on the weight and bulk of raw materials and finished products
- Based on capital investment
- Based on their role
- Based on the raw materials used.
Classification of Manufacturing Industries – Based on the Weight and Bulk of Raw Materials and Finished Products
Examples of such manufacturing industries are light industries and heavy industries. Manufacturing heavy engineering and construction equipment, the iron and steel industries would be classified as heavy industries. Manufacturing light electrical goods are examples of light industries of the manufacturing segment.
Classification of Manufacturing Industries – Based on Capital
Based on capital investment, manufacturing industries can be classified as small-scale industries, medium-scale industries, and large-scale industries.
Classification of Manufacturing Industries – Based on Ownership
Based on ownership, manufacturing industries can be classified as cooperative sector industries, joint sector industries, private sector industries, and public sector companies.
Examples of public sector companies are Steel Authority of India Limited (SAIL), Coal India Limited (CIL), Oil & Natural Gas Corporation (ONGC), Hindustan Aeronautics Limited (HAL), etc. These public sector companies can be further classified into Maharatna companies, Navaratna companies, and Miniratna companies.
For more information on the public sector companies of India, visit the below-given links.
Classification of Manufacturing Industries – Based on the Raw Materials Used
Based on raw materials used, manufacturing industries can be classified as mineral-based industries and agro-based industries. Aluminium, iron & steel, and petrochemicals are examples of mineral-based industries. The sugar industry, tea industry, coffee industry, jute industry, cotton industry, etc. are examples of agro-based industries.
Classification of Manufacturing Industries – Based on Role
Such manufacturing industries can be classified as consumer industries or basic industries. Basic industries will provide the raw materials for the manufacturing of finished goods. Industries manufacturing the finished products for consumers are consumer industries. Examples are paper, sugar, etc.