Issues of Indian Economy

IV rth sem
Industrial development in India

Major Industries before independence

• Iron & Steel Industry: It was first set up in 1874 in Kulti which is still working. world rank 3 118.2 mt

• Aluminium Industry: It was first set up Jaykaynagar (West Bengal) in 1837. world rank 2 3700 tonn

• Cement Industry: It was first set up in Chennai in 1904. 2rank

• Chemical Fertilizer Industry: In India, the beginning of chemical fertilizer industry was with the
establishment of Super Phosphate plant in Ranipet (Tamil Nadu) in 1906. 2rank

• Shipping Industry: It was first set up (The Hindustan Shipyard) in Vishakhapatnam in 1941. Below 30

• Paper Industry: It was first set up in Serampore, West Bengal which was unsuccessful. After that,
another one was set up in Lucknow (Now Closed). Again a paper mill was set up in Titagarh (West
Bengal) in 1881 which is still working. Below 10

• Cotton Textile Industry: In 1818, the first cotton mill was established in Fort Gloster which was
unsuccessful. In 1854, the first succesfull cotton mill set up in Mumbai by Kavasji Davar. world rank 2

• Jute Industry: It was first set up in Rishra (near Kolkata) in 1855. 1st

• Woollen Textile Industry: It was first set up in Kanpur in 1876 with the brand name ‘Lal Imli’ 10 rank in
world

Problem of Industrial Development

12 important Industrial Problems faced in India
1. Unbalanced Industrial Structure
2. Low Demand
3. Regional Concentration
4. Loss in Public Sector Industries
5. Industrial Sickness
6. Lack of Infrastructure
7. Improper Location Base
8. Lack of Capital
9. Shortage of Industrial Raw Material
10. Higher Cost of Production and Low Quality of Goods
11. License Policy
12. Lack of Institutional Organization