Factors required to set up an industry:
(i) Availability of raw materials:
Raw materials should be easily available from nearby areas only.
(ii) Labour:
ADVERTISEMENTS:
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.
(iv) Market:
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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.