How are industries classified on the basis of raw material?
Industries classified on the basis of raw material are as follows:
(i) Agro-based industries: These industries utilise agricultural products as their raw material.
(ii) Mineral-based industries: They obtain their raw materials from mines like coal, iron ore, bauxite etc.
(iii) Forest-based industries: They obtain their raw material from forests like teak, sal, rosewood etc.