Answer:
Factors required to set up an industry: (i) Availability of raw materials: Raw materials should be easily available from nearby areas only. (ii) Labour: Labour should be skilled and easily available from the neighbouring areas only. (iii) Power supply: Without power supply, an industry cannot be run, so it should also be available as per the requirements. (iv) Market: If it is a heavy material and a perishable good, market for the sale of the goods should also be available in a nearby area only.
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