Trends of Industrialization of Western Maharashtra: Acase Study of Sangli District

Abstract

Industrialization refers to the process of fostering the growth of the manufacturing industry to achieve economic development and raise the standard of living by leveraging a region's natural resources and transforming them into productive wealth (Chaudhari, 1966). It entails a systematic and organized approach where basic resources are processed and transformed to manufacture new products. Industrialization involves a series of interconnected activities, including mechanization, establishment of new industries, market expansion, and resource exploitation in previously untapped regions. These processes contribute to the accumulation and universalization of capital.