Large Scale Industries in India
The term ‘large-scale’ is generic in nature and includes different types of industries. In India, the subsequent heavy industries fall into the purview of large-scale industries:
- Iron and industry
- Textile Industry
- Automobile Manufacturing Industry
- Over the last 20 years, Information and Technology (IT) industry has evolved and has contributed huge revenues while creating thousands of jobs for Indians. Hence, many economists include it within the large-scale industry sector.
- Telecom Industry
- Information Technology Industry
- Petroleum and gas Industry
- Silk Industry
- Fertiliser Industry
- Jute Industry
- Paper Industry
- Cement Industry
It is important to notice that these industries are either manufacturing units or those which use both indigenous and imported technologies. Here are some more examples:
Fertilizer, Cement, gas, Coal, Metal extraction, Metal processing, Petroleum, Mining, Electrical, Petrochemical, Food processing units, Tourism, Banking, Sugar, Construction, Automobile, communication system, Cement, Chemicals, Earthmovers, durables (like television, refrigerators, etc.), Engineering products, Vehicle assembly, Beverages, Agricultural processing, Insurance, and Finance.
In recent years, because the markets opened thanks to globalization, there has been a mixed effect on large-scale industries. Some have managed to draw in international customers, foreign trade and technology, tie-ups. However, others were unable to deal with the competitiveness ushered in by the open market.
Production management involves the design, organization, direction, and execution of production activities. the last word goal of any production management solution is to convert a set of raw materials into a finished product. Some people ask production management because the bringing together of the 6 ‘Ms.’:
- Men
- Money
- Machines
- Materials
- Methods
- Markets
These constituents close to supply consumers and businesses with products that they have or want.
The production management principles are often mentioned as operation management principles, and that they are designed to facilitate the assembly of products that are of the specified quality and quantity.
An efficient production management solution also will deliver products at the time they’re required by the market at a rock bottom achievable cost. Any successful production management solution requires the optimum utilization of production capacity to scale back costs to a minimum.
