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Not only these but other major challenges are energy supply, international market dealing, environmental problems and the lack of domestic demand. Iron and steel is contributing a little towards growth but IT sector is on high pace in market. Manufacturing companies constitute nearly about 1/3 of the GDP of the world. It is thus a key indicator of overall economic growth. All developed, developing and under developed countries are under its influence and it may vary according to its size, location, product, process, technique, work force and social relevance. Their adverse effects are also among the world like causing pollution. It needs to be treated on time otherwise development will be harsh on lives of human.