1. Types of Industries on the basis of size of investment:

• Cottage industries: Industries with negligible use of electricity, machines and investment, e.g., khadi, khakhra, papad, incense stick, etc.
• Tiny industries: Labour-intensive industries along with the investment limit up to ₹ 25 lakhs, e.g., artistic products, leather, clay items, etc.
• Small-scale industries: Industries which have investment of more than ₹ 25 lakhs and less than ₹ 5 crores. Labour intensive and ancillary to big industries, e.g., Units producing tools, consumer goods, auto repair units, etc.
• Medium-scale industries: Industries which have investment of more than ₹ 5 crores and less than ₹ 10 crores. Labour intensive or capital intensive, e.g., machinery units, chemicals, electronic equipments, etc.
• Large-scale industries: Industries which have investment of more than ₹ 10 crores and utilise capital intensive production technique e.g., iron, railway equipments, big vehicles, etc.

2. Types of Industries on the basis of ownership:

• Public Sector Industries: Industries having ownership and administration under government control, e.g., railway, post, telephone, etc. They are classified in three categories:
  • Departmental Industires: Industries run directly by Government as its department, e.g., railway, post, etc.
  • Public Corporations: Owned by Central Government or State Government but administration under independent control of corporation, e.g., LIC, State Transport Corporation, etc.
  • Joint Stock Companies: Managed by government within prevailing company laws, e.g., BHEL, ONGC, IOC, etc.
• Private Sector Industries: Industries owned and managed by private sector, e.g., car, TV shoemaking, etc.
• Joint Sector Industries: Ownership rights of industries to people and firms in the form of shares having 51 % or more and remaining ownership rights in the control of government e.g., GSPC.
• Co-operative Sector Industries: Industries run on co-operative activities, e.g., shops of essential commodities, dairies, co-operative banks, IFFCO, KRIBHCO, etc.

3. Types of Industries on the basis of products:

• Consumer goods industries: Industries which directly satisfy the requirements of people, e.g., ghee, oil, soap, shampoo, powder, etc.
• Intermediate goods industries: Indus¬tries having semi-furnished production and still one stage of production remains, e.g., yarn, steel sheets, machineries, etc.