Explain any four factors responsible for the development of iron and steel industries. -SST 10th

Explain any four factors responsible for the development of iron and steel industries. -SST 10th
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Answer :

(i) Low cost of iron ore, high grade raw materials in proximity. (ii) Cheap labour (iii) Vast growth potential in the home market. (iv) liberalisation and Foreign Direct Investment (FDI) have given a boost to the industry.
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