What factors are required to set up an industry in a region?

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Factors required to set up an industry:

(i) Availability of raw materials:

Raw materials should be easily available from nearby areas only.

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(ii) Labour:

Labour should be skilled and easily available from the neighbouring areas only.

(iii) Power supply:

Without power supply, an industry cannot be run, so it should also be available as per the requirements.

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(iv) Market:

If it is a heavy material and a perishable good, market for the sale of the goods should also be available in a close by area only.

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