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

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Copper for Breakfast

 Copper for Breakfast Magnus AS a demonstration of its power, the government could not have done better than to choose the Indian Copper Corporation for nationalisation, but the takeover does raise serious doubts about the government's capacity for logical thinking and objectivity. India is certainly short of copper and last year we spent over Rs 49 crores on copper imports. Indian Copper Corporation has been the sole Indian producer of copper so far. The public sector has been trying for years to start copper production in Khetri and elsewhere, but has failed miserably. What could it do, then, except to takeover the only company which was successful? In the years to come, we shall no doubt hear a great deal about ICC's marvellous performance and even more wonderful targets, but probably less about its profits.

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