THE Industry Minister, George Fernandes, took time off last week from his more pressing and dedicated mediatory labours in the Janata party crisis to announce that an action programme had been drawn up by his Ministry in association with other concerned mi- nisteries to achieve 7 to 8 per cent growth in industrial production during the current year. This is clearly an ambitious target set against the achievement of hardly 3.5 per cent growth last year and considering the fact that, even going by fairly optimistic assumptions, the likely rate of growth according to current indications falls within the range of 5.2 to 5.6 per cent.