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Heavy industries are generally large scale industries. They require a huge capital and big infrastructure to start with. They are mainly manufacturing industries that are supposed to serve the needs of industrial consumer or we can say that they are B2B industries.
Industries that come under heavy industry category are iron and steel industry, chemical and oil industry, heavy electrical industry, industrial machinery, automobile manufacturing industry, textile industry, mining industry, cement industry, metallurgical and engineering industry and dairy machinery industry.
Heavy industry fulfills the demands of tools and equipments that are needed in all sectors. They cater the needs of industries like sugar, fertilizer, paper, refinery or petrochemical etc.
Though we generally include all large scale industries into heavy industries due to large capital investment but recently emerged IT industry also involves a huge amount of funds invested, so it can also be included in large scale industries. These industries generate the maximum revenue for any country’s economic growth. They also generate a lot of employment opportunities and bring foreign currencies.
A country’s overall prosperity can be seen in its growing economy. If it is growing year by year with a great percentage, it simply means each sector is growing and contributing in it. Since B2B industries also depend upon heavy industries to produce their end products, so it becomes very important for heavy industries to function properly.
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