Manufacturing means producing goods in large quantities from raw materials after processing them into more valuable products. Manufacturing helps to convert raw materials into finished goods on a large scale and thus helps to earn profits as finished goods are costlier than raw materials. For example, paper is made from wood, sugar from sugarcane, iron and steel from iron ore, cloth from yarn and aluminium from bauxite.
What is the importance of manufacturing sectors or industries:
The manufacturing sector is the backbone of economic development. The economic strength of a country is measured by the growth of manufacturing industries. i Agricultural Development: Manufacturing industries help to modernise agriculture, which is the backbone of our economy. It also helps to provide employment to people in the secondary and tertiary sectors. ii Industrial Development: It helps to reduce unemployment and poverty in our country. It reduces regional disparities by setting up industries in tribal and backward areas
How to get a top manufacturing companies database list
The top manufacturing companies listed are given below