ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Give the States Some Foreign Exchange

 expenditure in order to lift industry out of the current recession, but the primary emphasis has to be on better use of existing capacity in both public and private sectors. Stepping up railway orders might be the quickest but it is not the best way of reviving the engineering industry. If past mistakes are to be avoided, the returns from and costs of alternative investments must be carefully appraised.

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