Write a note on factors affecting location of industries.

The secondary sector of economic activities is concerned with the processing of raw materials into products and goods. Industry belongs to this secondary sector and is involved with the production of goods, extraction of minerals and/or the provision of services. Geographical, socio-political, economic and historical factors determine the location of particular industries. The availability of raw materials, access to energy to run the industries, labour supply, good transport network, and a ready market all come together to decide an industry’s location. Industrialization is essential for the growth of an economy. In backward areas, with lower levels of development and lack of the previously stated factors, the government often promotes industrial growth through incentives like subsidized power, lower transport costs, and other infrastructural benefits.