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Manufacturing Industries
What does globalisation imply in Indian Context?
In Indian context, globalisation implies:
(1) Opening of the economy to foreign direct investment by providing facilities to foreign companies to invest in different fields of economics activity in India;
(2) removing restrictions and obstacles to the entry of multinational companies in India;
(3) allowing Indian companies to enter into foreign collaboration in India and also encouraging them to set up joint ventures abroad;
(4) carrying out massive import liberalisation programmes by switching over from quantitative restrictions to tariffs in the first place, and then bringing down the level of import duties considerably; and
(5) instead of a set of export incentives, opting for exchange rate adjustments for promoting export.
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The second largest producer of sugar is:
Why do you think that the iron and steel industry is basic to the industrial development of any country?
Name the two sectors of the cottage textile industries. How are they different?
Why is the sugar industry a seasonal industry?
What is the raw material base for the petrochemical industry? Name some of the products of this industry.
What is the major impact of Information Technology (IT) revolution in India?
How did the Swadeshi movement give a major impetus to the cotton textiles industry?
What do you understand by liberalization, privatization and globalization? How have they helped industrial development in India?
State any three features of industrial development in India before independence.
Discuss market as a raw material for the location of Industries with examples.
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