Classify industries on the basis of source of raw material. How are they different from each other?
On the basis of sources of raw material industries are classified as:
- Agro based: Agro based industries draw their raw materials from agricultural products.
For example, Textiles, Sugar, Coffee, Tea and Edible Oil, etc.
- Mineral based: Mineral based draw their raw material from minerals.
For example, Iron and Steel industries, cement, machine holes, petrochemicals, etc.