What are nodal industries? How do petroleum refineries act as nodal industries?
Industries that are responsible for providing ingredients for other manufacturing units are called Nodal industries. These ‘other’ industries manufacture the goods required by the nodal industries.
Since petroleum provides raw materials for a number of manufacturing industries like synthetic textile, fertilisers and many chemical industries, therefore they are called as nodal industries. These industries revolve around petroleum refineries for their manufacture and productions.
Since petroleum provides raw materials for a number of manufacturing industries like synthetic textile, fertilisers and many chemical industries, therefore they are called as nodal industries. These industries revolve around petroleum refineries for their manufacture and productions.