General Knowledge : Economy : Importance of Industries in India

Importance of Industries in India

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Iron and Steel Industry : : Indian Cement Industry

  • First Steel industry at Kulti, near Jharia, West Bengal ‘Bengal Iron Works Company’ in 1870.
  • First large scale steel plant TISCO at Jamshedpur in 1907 followed by IISCO at Burnpur in 1919. Both belonged to private sector.
  • The first public sector unit was ‘Vishveshvarayya Iron and Steel Works’ at Bhadrawati.
Location Assistance
Rourkela ( Orissa ) Germany
Bhilai ( M.P ) Russian Government
Durgapur ( W.B ) Britain Government
Bokaro ( Jharkhand ) Russian Government
Burnpur ( W.B ) Acquired by Private Sector in 1976
Vishakhapatnam ( A.P ) Russian Government
Salem ( Tamil Nadu ) -
Vijai Nagar ( Karnataka ) -
Bhadrawati ( Karnataka ) Nationalization of Vishveshvarayya Iron and Steel Limited ( Owned by Central and State Government ).
  • All these are managed by SAIL. ( At present all important steel plants except TISCO, are under Public Sector ).
  • Steel Authority of India Limited ( SAIL ) was established in 1974 and was made responsible for the development of the Steel Industry.
  • Bhilai, Durgapur and Rourkela were established during the Second Five Year Plan. Bokaro was established during the Third while the steel plants at Salem, Vijai Nagar and Vishakhapatnam were established in the Fourth Five Year Plan.
  • Presently India is the fifth largest steel producing country in the world.


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Top – 10 Steel Producing Countries
Rank Country / Region Steel Production ( Million Tonnes )
1 China 489.0
2 Japan 120.2
3 United States 97.2
4 Russia 72.2
5 India 53.1
6 South Korea 51.4
7 Germany 48.5
8 Ukraine 42.8
9 Brazil 33.8
10 Italy 32.0
- World 1 ,343.5

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Top – 10 SteelProducing Companies
Company Country / Region
Arcelor Mittal Global
Nippon Steel Japan
JFE Japan
POSCO South Korea
Shanghai Baosteel Group Corporation China
Tata Steel India/ Global
LiaoningAn – Ben Iron and Steel Group China
Shagang Group China
Hebei Tangshan Iron & Steel Group China
United States Steel Corporation United States

Cotton and Textile Industry in India

  • Oldest Industry of India and employs largest number of workers.
  • It is the largest organized and broad – based industry which accounts for about 4 per cent of GDP 20 percent of manufacturing value added and one – third of total export earnings.
  • The first Indian modernized cotton cloth mill was established in 1818 at Fort Gloaster near Kolkata but this mill was not successful. The second mill named Bombay Spinning and Weaving Co. was established in 1854 at Bombay by KGN Daber.

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Importance of Industries in India Iron and Steel Industry Cotton Textile Industry in India – General Knowledge in Economics

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