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From 50 Years Ago (23 December 2006)

located in Bokaro, the plant will have the accept the project report and immediately initiate FROM 50 YEARS AGO capacity for casting, forging and machining negotiations to ensure Soviet aid on the re100,000 tons of steel annually

located in Bokaro, the plant will have the accept the project report and immediately initiate

FROM 50 YEARS AGO

capacity for casting, forging and machining negotiations to ensure Soviet aid on the re100,000 tons of steel annually – a capacity just quired scale. By the end of the Second Plan, it sufficient to give the country every year one is argued, India would have 5 steel plants. steel plant with a million ton potential. The Another steel plant at Bokaro and a seventh project will cost Rs 168 crores and the Russians steelplant in the south is being contemplated. appear to be willing to finance it. If steel The replacement needs of all these plants could Vol VIII, Nos 51 and 52 December 22, 1956 production is the key to industrialisation, the total up to the equivalent of half a new plant. Soviet experts are eager to help us acquire it. Thus the project would produce enough equip-

Russian Aid for Steel

Opinion on the project is however, divided ment for a new steel plant every two years.

(Weekly Notes)

among the Government’s top policy-makers. Considering that China is already geared for Shri Govind Vallabh Pant, Shri T T producing 12 million tons of steel, India by

Our Delhi Correspondent Writes:

Krishnamachari and Shri Morarjee Desai would implementing this project, would be merely

The Soviet team of experts on heavy industry like to put in a more modest effort. They are making a modest move towards self-sufficiency. which recently toured India is understood to understood to be in favour of a planthalf the Transport of nearly 200,000 tons ofequipment have made a recommendation which, if imple-recommended size. Shortage of finance is one and raw materials to the site of the project mented, would make perhaps the most signi-reason. The need to minimise strain on limited in the heart of the steel belt should not present ficant contribution towards the industrialisation transport capacity is another. Presumably the any problem in the context of 180 million tons of the country during the Third Five Year Plan feeling that India should not commit herself of goods traffic that the railways would be period and thereafter. It has suggested the too heavily with the Soviet Union also hoversin expected to carry at the end of the Second Plan. establishment of a heavy machine building plant the minds of the “Big Three” of Nehru Cabinet. Besides the opportunity to take advantage of to fabricate units for steel production. To be Another view however is that India should the Soviet generosity may not recur.

Economic and Political Weekly December 23, 2006

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