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    Thread: what are the factors that encourages localization of industries?

    1. #11 Collapse Post
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      the concentration of industries in particular areas. If for instance, electricity is to be carried over to a long distance where the industry is located or the coal which serves as raw material is to be transported at a far-off distance from whereat is extracted, it will not then he economical to set up the industry at such places which are far away from the sources of power.An industry can move near to the firms that are producing, perhaps, the raw materials that the industry uses for the production. This can be on the advice of the group of firms producing the raw materials.critical factors which encourage the birth of an industry in a specific location. The availability of raw material close to the location of the industry helps considerably in mitigating the transport cost and so the overall cost of production of such goods. This is why most industries are built close to the raw material.commodity and the recognition of that location could be one that might be heard of within the entire united states of america or even in the international marketplace.what's being produced or servicesgeographical location becomes specialize in the production of certain goods and services. The location becomes known to offer production of such commodity and the popularity of that area could be one that would be heard of in the entire country or even in the international market.availability of an energy supply source to the location of the industry such as electricity, oil, or coal helps the industry to operate its machines and equipment well for a purpose of the production process.market is important factor to consider before starting an industry, an entrepreneur has to take into consideration the market potentialities of his product. If the market is quite away from the place of manufacture, transport costs will be high which will raise the selling price of the product in comparison with other similar products which are manufactured near the market.

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      What are the factors that encourage the localization of industries?

      Localization of industries is simply the process of allowing the concentration or production of a commodity or a set of commodities in a particular locality or a region. This is a way of having the area or the region being specialized in the production or manufacturing of certain goods or products or even services.

      Name: local.PNG Views: 48 Size: 111.4 KB

      There are a series of factors that encourage localization of industries which are in categories of economic, geographical, cultural, and political.

      (a)Raw materials- The importance of raw materials cannot be ignored. It is of high necessity that an industry should be close to the source of raw materials. It saves an unnecessary cost of transporting the raw materials one point to another.
      (b)Power-Industries have their focus on the source of power which could be coal, oil, and hydro-electricity. Industry can thus be located where the cost of energy is reasonable fair or cheap.
      (c )Labour- This has to do with the availability of skilled and unskilled labour. It is good for an industry to be located where the labour force can easily be accessed
      (d)Transport- Transport through land, water, or air need to be available. This will aid the easy transportation of finished goods or products
      (e)Market- No business makes sense without the market (ready market). Nearness to market is quite essential knowing full well that it would encourage the disposal or the sales of finished products within a reasonable period
      (f) Water- Water is an essential commodity in every manufacturing or production process. There is a need for easy access to large quantities of water which could be through rivers, lakes, canals, or oceans.
      (g) Site- Availability of large mass of land for building factories is essential. The more the available space, the better for the operation. It is most economical (cost-effective) to set up an industry in the rural area than in an urban area.
      (h)Climate-Industries perform better under a good climate. A harsh climate is not good enough for the establishment of some industries. For example, a humid climate does not encourage the cotton-textile industry
      (i)Government policies- The activities of the government or formulation of policies determine where certain industries can be located. In some cases, the government may have some areas for certain industries.
      (j) Banking facilities and Insurance- These many times have to do with the readiness of the banking and insurance to support a particular location for a particular industry
      (k) Politics and Culture- Many times, people in a particular area may choose to influence the government of the day to have an industry in the area. In this case, the willingness of the people may allow support for the industry in terms of labour, security, and corporate social responsibility

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      Before establishing an industry in a specific location, the authority of the industry considered many things like sustainable business development, different kinds of risk assessment, transportation, labor cost, production and service selling and generating profits. From all of this, the main aim of a company or a business is to generate profit.
      They do their activity in such a way that profit generate can be more and more. So selecting the location of a factory for a company is a very important part and many factors that influence to select the location of an industry.

      Every company thinks about three things for improving its product that is Man, Machine, and Material. This tree thing is the function of those who are related to production. On the other hand, selling the product and service and generating more customers is part of the sales and marketing departmental activity.

      By combining all of these things a company thinks about bellow factors before establishing a factory.

      • Demand of Products: - demand for products is the first priority to establish a factory. For example, Heineken will never establish their factory in a country like Bangladesh instead of Europe, because Heineken has tense to zero business in Bangladesh.

      • Availability of Raw Material: - Collecting raw materials and availability of the raw material is one of the vital points to establishing the location of a factory. Most of the palm oil refinery company is in Malaysia and Indonesia is one of the examples.

      • Skilled labor and labor cost: - Getting skilled labor is very important because skilled labor can increase the efficiency of the production. On the other hand, companies are well concerned about the cost of labor. Bangladesh is the hub of Garments industries due to low labor costs.

      • Transportation Facilities: - Before establishing a factory, authority is well concerned about the transportation facilities of the location.

      Therefore some other factors that maintain before establishing a factory-like the political situation of the country, legal procedure, duration of goods load-unload in the port, etc. But if any country can provide a low labor cost with the high demand for the finished product then other barriers may considerable.

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      But besides such purely geographical factors influencing industrial location, there are factors of historical, human, political and economic nature which are now tending to surpass the force of geographical advantages. Consequently, the factors influencing the location of industry can be divided into two broad categories

      The significance of raw materials in manufacturing industry is so fundamental that it needs no emphasising. Indeed, the location of industrial enterprises is sometimes determined simply by location of the raw materials. Modem industry is so complex that a wide range of raw materials is necessary for its growth.

      Further we should bear in mind that finished product of one industry may well be the raw material of another. For example, pig iron, produced by smelting industry, serves as the raw material for steel making industry. Industries which use heavy and bulky raw materials in their primary stage in large quantities are usually located near the supply of the raw materials.

      It is true in the case of raw materials which lose weight in the process of manufacture or which cannot bear high transport cost or cannot be transported over long distances because of their perishable nature. This has been recognised since 1909 when Al**** Weber published his theory of location of industry

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