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Escorts-Ford Collaboration

Hansavivek ESCORTS will float a new company in partnership with Ford Motor of the US for undertaking manufacture of 6,000 tractors of 46/50 hp per annum. Of the paid-up capital of Rs 2 crores of the new company, which will be a subsidiary of Escorts, 60 per cent will be subscribed by Escorts and the balance by Ford. Escorts' investment will be spread over three years commencing from mid-1969, and the first tractor is expected to be produced by the middle of 1970. Distribution, servicing and spare parts sales will be handled by Escorts.

Competition Pinches Wimco

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NOCIL Plants Nearly Complete


ment officials is expected to visit New Delhi shortly to discuss the possibility of entering into a new agreement for supply of extra one lakh bales of Sudan cotton. Additional import will help make up partially the gap, especially if PL 480 cotton imports do not materialise.

Research Centre Expansion

prices of the maturing April contracts and new contracts have been guided mainly by conjectures about bulls' intentions of insisting on delivery in the April contract. But the supply position of castor and linseed being reasonably comfortable

Running Fast to Stay First

found favour with trade and industry. The plea for immediate resumption of hedge trading at this late stage makes little sense and it is too premature to discuss prospects for the next season when the crop is known to be almost entirely at the mercy of the unpredictable weather.

Exports Pending Full Indigenisation

because the vanaspati industry cannot be expected to do without groundnut oil. The Gujarat Government cannot be unaware that faced with the uncertain prospect of additional supplies of soyabean oil, New Delhi has been obliged to reduce the use of soyabean oil by the vanaspati industry in order that the existing stocks of soyabean oil may last longer.

Unexplained Changes

the Commission is really keen on bringing guilty directors to book, there is nothing to prevent it from taking disciplinary action.
COTTON prices have recorded a further rise which has carried several varieties

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