What are the factors that influence the location of an iron and steel industry?

  • Availability of raw material like iron ore, coal , limestone etc.
  • An efficient transportation and infrastructure facility for import and export of finished goods.
  • Availability of service sector , heavy funding is required and hence adequate availability of capital, Human capital for managerial roles
  • Demand for iron and steel or the market has to be there. Growing infrastructure sector , construction sector help to set up the iron and steel industry.
  • Government policies and regulations should be conducive for the setting up of iron and steel industries. Land acquisition and ease of doing business should be a complex free task. Law and order shall be maintained, Unambiguous taxation policies.

 

BPCS Notes brings Prelims and Mains programs for BPCS Prelims and BPCS Mains Exam preparation. Various Programs initiated by BPCS Notes are as follows:- For any doubt, Just leave us a Chat or Fill us a querry––

Subscribe to BPSC Notes

Never Miss any BPSC important update!

Join 7,774 other subscribers

error: Content is protected !!