Sugar-Mills Win Out

December 22-29, 1984 That apart, Rajiv Gandhi has somehow come to be identified as a champion of the cause of private enterprise. The view is widely shared that with Rajiv as Prime Minister, the process of liberalisation of industrial licensing and promotion of foreign technical collaborations will be greatly accelerated. In this connection, the latest-statement by the Union secretary for industrial development hinting at the possibility of the licensing process being further liberalised "freeing as many areas as possible from controls" is considered quite significant. Rajiv Gandhi's statement about revamping the textile policy to ensure the industry's healthy growth and "reviving the past glory of Indian textiles which were once dominating the global market", which could well be dismissed as an election gimmick, has been hailed by the industry as well as the stock market.