Why do large scale industries choose different locations? Explain any four factors which influence the industrial location.
Industrial development is essential for economic development. There are some factors which influence the industrial development, they are
• Government policies
The countries government policies have a very important role in influencing industrial development. When the country's economic policies are very rigid then setting up a new industry will be difficult. When the economic policies are very flexible then the development of industries will be easier. Industrial development is very faster in China compared to India because of the economic policies.
• Labour
Cheap labour is another main factor for the industries. When there is cheap labour then it will reduce the cost of production. Lower the cost of production then the profit will be high it will make the firm to hire cheap labour.
• Raw materials
The industry needs raw materials for the production process. The industries mainly locate in such a place that there will be easy access to the raw materials or make sure that there is adequate transportation facility to transport the raw materials.
• Transportation
The area is highly connected with all forms of transportation. It has an inexpensive water transport network, reinforced by a good network of railways, roadways and waterways. This helps in the easy and cheap movement of raw material to the industries.
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