Answer in 200 words:

Explain in detail the factors influencing the location and development of industries?

The factors influencing the location and development of industries:

• Raw material: Raw material is necessity and input for every industry. Finished goods rely on their availability. Heavy industries which require huge amount of raw material as in case of steel industry, it have to be located near to iron ore mines. Another example is sugarcane industry.

• Labour: Labour requirement can be large and small according to the industry but they are needed at cheap wage rates. Labour can be divided into skilled, semi-skilled and unskilled. For example, Diamond cutting requires skilled workers and packaging requires unskilled workers.

• Transport: Transport is used to transfer raw material to the industries and finished goods to market. Transport facility should be well maintained and available for the location of the industry.

• Power: Power is basic requirement to operate the machinery and other tools based on that involved in manufacturing of the products. Location of industry depend on whether power facility is available in the area of industry or not and it should also be as cheap as possible.

• Market: Goods which are easily perishable and fragile in nature are produced near to their markets. Transporting them from long distances can incur the damage and risk cost. For example, Glass items and dairy products are produced near to their consumption end.

• Capital: Capital and money is required to buy any input of the industry. Industries which need high capital in their industry are located near to the area where investment is easily available.