ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Larger Share of a Smaller Market

Larger Share of a Smaller Market Hansavivek NATIONAL ORGANIC CHEMICAL INDUSTRIES has not so far obtained clearance of foreign collaboration pro- posals for its pesticides project for which it had received a 'letter of intent' in February 1975. Meanwhile, the company has modified the scope of the project after discussions with government and expects that all formalities will be completed in the course of this year. During 1975, NOClL's volume of sales was lower than in the previous year, but sale proceeds were higher by 5 per cent since on average, unit selling prices were higher. Even so, gross profit tumbled by as much as 41 per cent, re- flecting sharp deterioration of margins.

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