There are many requisities for a large scale industry, like raw material, source of power, skilled labour, extensive market, high technology and huge capital investment. These types of industries have developed after the industrial revolution.

What are large scale industries?

Large scale industries are referred to as those industries that are having huge infrastructure, raw material, high manpower requirements and large capital requirements. Those organisations having a fixed asset of more than 10 crore rupees are considered to be large scale industries.

What are the advantages of a large scale industry?

The following are the prime advantages of a large-scale industry. Economical Production using Machinery- The large-scale industry usually installs the latest machinery, which helps in economical bulk production. The machinery works continuously, and enterprises reap the benefits.

Which is an example of large scale industry in India?

The term ‘large-scale’ is generic in nature and includes different types of industries. In India, the following heavy industries fall under the purview of large scale industries: Over the last two decades, Information and Technology (IT) industry has evolved and has contributed huge revenues while creating thousands of jobs for Indians.

What are the advantages of a small industry?

Economies of information are the advantages of an industry derived from the publication of trade and technical journals and the research centres. Research and experiment are also centralized in a localized industry. 5. Specialization: When an industry grows, it becomes possible to split up some of the processes which are taken up by special firms.

What are the advantages of a large company?

Benefits from advertisements: A large firm can afford to spend heavily on advertisements. It can hire the best advertising agencies to create effective ads and release the ads in various media (e.g. HLL, Cadbury’s, Pepsi, Coke etc).