Why is iron and steel industry called a basic industry? Explain
Why is iron and steel industry called a basic industry? Explain
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Iron and steel industry is the basic industry as:
(i) All the other industries depend on it for their machinery.
(ii) Steel is needed to manufacture a variety of engineering goods.
(iii) It provides a variety of consumer goods.
(iv) Construction material, defence, medical, telephonic, scientific equipment, are the gift of iron and steel industry.
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