1. GROWTH AND PROBLEMS OF MAJOR INDUSTRIES

2. Importance of Large Scale Industries
Balanced Economy
Increase in Wealth
More capital Formation
Increase in Employment
Increase in National Income
Less Pressure of Population on Agriculture

3. Economic Stability
Development of Agriculture
National Defence
Self Dependence
Exp[ort Promotion
Import Substitution
Increase in Government Income
Increase in Standard of Living
Low Cost goods

4. Core Features of Iron & Steel Industry
Iron and Steel industry is of great importance among the basic and key industries of india.
These industries are essential for the economic and social development of the country and also very crucial for its defence.
Consumption of iron and steel is an index of industrial development of a country.

5. Key Points Of Iron & Steel Industry
Production of iron and steel in India constitutes 1.5% of world & 6.7% of Asia’s production.
India was the 4th largest producer of steel in 2012
China is the largest producer of steel in the world
A cumulative capital worth Rs crore is lying invested in this industry

6. Development of iron & steel industry
In 1830 the first attempt was made to manufacture iron with modern techniques in south India
In 1907 setting up of Tata iron and steel works at Sakchi (Jamshedpur) Bihar
In 1919 Indian iron and steel works was setup at Burnpore near Asansol in Bengal
In 1923 Mysore iron and steel works was founded at Bhadavati(Mysore)

7. In 1973 government established Steel Autority of India ltd
In 1973 government established Steel Autority of India ltd.(SAIL) for the development of iron and steel industry.
A National Steel institute has been established at Puri to cater to the needs of training,service,consultancy and research and development of the steel produing belt of southern and eastern regions.

8. Types of Steel Plants in India
Integrated steel plants
Mini steel plants

9. Integrated steel plants
Large steel plants are included in it.
These produce soft steel n large quantity
Currently nine of these steel plant working in the public sector which are Bhilai , Durgapur, Rourkela , Bokaro , IISCO,Alloy steel plant,saleem steel plant , Vishveshwarya steel plant and Vishakhapatnam steel plant of these first eight are owned and managed by Steel Authority of India(SAIL)

10. Mini steel plants These producing steel by electric furnaces
Steel is manufactured out of scrap and sponge iron
Presently there are 196 mini steel plants in India of which 179 are producing steel
They account for the 30% steel production of the country

11. Problems of Iron and steel industry
Scarcity of coal & power
Obsolete Machinery & backward Technology
Dependence on foreign investment
Problem of transport
Lack of efficient engineers
High prices
Industrial disputes

12. Less utilization of production capacity
Disequilibrium between demand and supply
Excess staff
Threat from international competition
Hike in prices of steel scrap

13. Suggestions for the improvement of Steel industry
Improvement in techniques
Diversification
Arrangement of best quality coal
Use of full capacity
Efficient management of public sector enterprises
Development of small factories
Solution of labour problem

14. Arrangement of training
Price stability