Localization of industry

1. TOPIC-LOCALIZATION OF INDUSTRY SUBMITTED BY- PREETRAJ

2. TOPIC COVERED… INTRODUCTION FACTOR ADVANTAGE DISADVANTAGE

3. INTRODUCTION Localizations of industries mean concentration of most of the firms engaged in producing the same type of commodity in a particular region   For example, a large number of factories producing cotton textiles are concentrated in Mumbai and Ahmedabad .

4. FACTOR  Nearness to raw material  Nearness to market Availability of labor Availability of power Transport facilities  Availability of finance Climate

5. ADVANTAGE OF LOCALIZATION Reputation Skilled Labor Growth of Facilities Subsidiary industries

6. ADVANTAGE (CONT…) Employment Opportunities Common problem Economy Gains

7. DISADVANTAGE OF LOCALIZATION Dependence Social Problems Limited Employment Regional Imbalance

8. CONCLUSION  Thus localization has many more advantages and also limits but considering the meritorious part, it is recommended as it enhances the fiscal condition of the nation. Also by removing the defects of centralization, it can pave way for a nation’s development