The secondary sector of economic activities is concerned with the processing of raw materials into products and goods. Industry belongs to this secondary sector and is involved with the production of goods, extraction of minerals and/or the provision of services. There are various manners of classifying industries as they vary on the basis of raw materials, size and ownership. Following we can find the division of industries on the basis of ownership.
• Private sector industries – these includes industries owned and operated by a private individual or group of individuals. Examples include Reliance Industries Limited etc.
• Public sector industries – these includes industries that are owned and operated by the government. Examples include Hindustan Aeronautics Limited, Steel Authority of India Limited etc.
• Joint sector industries – these includes industries that are jointly owned by the government and a private individual or group of individuals. Examples include Maruti Udyog Limited etc.
• Co-operative sector industries – these include industries that are owned and operated by the producers or suppliers of raw materials and/or the associated workers. Examples include Anand Milk Union Limited and Sudha Dairy.
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