Karnataka occupies the pride place by being the first state in South India to establish an Iron and Steel factory. Sir M. Visveswaraiah’s foresight enabled to set up an Iron and Steel industry at Bhadravati in Shivamogga district in 1923. Today this industry is known as “Visveswaraiah Iron and Steel Industry”. The factors which are necessary for the establishment are the supply of iron ore, water supply, a supply of electricity, a suitable market, good transport, etc. Iron and steel industry has all these facilities. Another iron and steel factory known as Jindal Vijayanagar Iron and Steel factory was established in 2001 at Toranagal in Ballari district.
