industrial sector


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Sector

A set of securities or individual companies that are similar to each other. For example, all automotive companies in the United States are said to belong to the American automotive sector. See also: Industry.

industrial sector

that part of the economy concerned with the production of INTERMEDIATE PRODUCTS (iron and steel, machinery and equipment, etc.) and FINAL PRODUCTS (washing machines, furniture, etc.)

The industrial sector, together with the PRIMARY SECTOR and SERVICE SECTOR, form an interlocking chain of economic activities that constitute a modern economy. See STRUCTURE OF INDUSTRY.

References in periodicals archive ?
Calculations by the government show that if services and agriculture sectors grow at 2010-11 rates (3.2% for agriculture and 4.1% for services), then the industrial sector will need to achieve a very high 20% real growth annually till 2018 to achieve an 8% overall GRP growth target.
'Any kind of red-tape will not be allowed to hinder the development of the industrial sector,' he added.
Sardar Buzdar said the government had announced establishment of special economic zones for the promotion of industrial sector. Along with this old industrial states will also be developed and investors will be provided every resource without any delay to install new industries.
Development of industry and provision of facilities to investors was a basic pillar of our economic plan, he said and added that the government had announced establishment of special economic zones for the promotion of the industrial sector.
Investment company chairman, Abdulaziz Al-Surai, highlighted the opportunities open to young entrepreneurs working in the Saudi industrial sector, to export products to other countries in the region.
She clarified that the Industrial Affairs Department had achieved many results in 2018 as it continued field visits, monthly communication, and meetings with investors in order to develop and support the industrial sector within the Emirate of Sharjah.
Al-Saeed said that the state plans to reform the country's promising industrial sector to expand its production capacities and scope of services.
Cost of doing business becomes unbearable to the industrial sector if they use diesel generators instead of gas.
In the last decades, the contribution of the industrial sector to the national GDP was low compared to industrialized countries in East Asia and the Pacific.
He said that promotion of industrial sector and creating job opportunities is an important part of 100-day plan of government.
The industrial sector imported 26,802.2 MD during the first seven months of 2018 against 22,581.7 MD during the same period of 2017, up 18.7%.
Islamabad -- The Federation of Pakistan Chambers of Commerce and Industry on Thursday said the new schedule of ten-hour load shedding for the industrial sector is unacceptable.

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