Abstract
This chapter consists of Abstract descriptive account of mixed enterprises in India which involve domestic private capital. Public-private mixtures involving Western business will be treated in the next chapter. This chapter will set forth such facts as are readily available on India’s domestic mixtures and will record interpretive comments of observers and analysts which are relevant to the subject. There are three major subdivisions used in the chapter. The first and second are concerned with mixtures in the states of India prior to and following World War II. The third part deals with mixed enterprise in which the central government is involved. Although factual description will prevail in the exposition, interpretative materials such as survey comments will also be recorded. Table IV and V in the appendix summarize much of the material presented here. A summary is also provided which calls attention to some of the unusual features of the development.
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References
See Chapter 3.
India, Industrial Commission, Report of the Indian Industrial Commission, 1916–1Q18, (Calcutta, 1918, reprinted London, 1919). See Chapter 3.
Ibid., pp. 198, 220.
R. Balakrishna, Industrial Development of Mysore (Bangalore, 1940), pp. 209, 10.
Ibid.
Ibid., p. 145.
Ibid., p. 88.
M. C. Munshi, Industrial Profits in India (New Delhi, 1948), Appendix, p. 311. He places its capitalization at 2, 179,280 rupees.
Investor’s Indian Year-book, 1943–4, 1949–50; also Munshi, op. cit., p. 120.
Balakrishna, op. cit., p. 88.
Indian Finance (March 18, 1950), p. 558.
Munshi, op. cit., p. 182.
See Table IV, Appendix. A list of the enterprises in which the state of Mysore took an interest in the pre-war period may be found in Mysore Commissioner for Economic Development, Industrial Development of Mysore (1946).
C. A. Mehta, “The Development of New Industries in Baroda,” Asiatic Review, 38 (Jan, 1942), 59-
The Hyderabad Government Bulletin on Economic Affairs, 4 (June-July, 1951), 446. This source leaves the impression that all capital of the Fund was Government-subscribed. It is possible there might have been some private capital subscribed.
Hindu, Jan. 4, 1952, p. 9.
Vimana Samacher, A Quarterly Journal Published at Hindustan Aircraft, Anniversary Number (1950).
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Investor’s Encyclopedia, 1950; Investor’s Year-book, 1951.
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“In case Government decided to take over administrative control of these industries, it is likely that an administrative body might be set up for this purpose. But the question of setting up an administrative body or any alternative method of setting up or managing these concerns would be decided upon only after the Government formulated their general industrial policy.” - HyderabadGovernment Bulletin on Economic Affairs (April-May, 1949), p. 436.
Hyderabad Bulletin of Economic Affairs, 4 (June-July, 1951), 481.
Investor’s Encyclopedia, 1949–50, pp. 343–5.
Ibid., p. 859.
Ibid., pp. 747–8, ibid., 1950–51, pp. 804–5.
Travancore, Administration Report, 1948–9, p. 74.
Ibid.
Investor’s Encyclopedia, p. 1040.
Ibid., p. 90.
Ibid., p. 804.
Ibid., pp. 801–2; New York Times, Apr. 12, 1953, p. 11.
Indian Trade and Industry, 6 (July 25, 1952), no; 1ndiagram, Jan. 13, 1955, p. 2.
Capital, July 5, 1951, p. 931.
Vakil, op. cit. y p. 44.
As one State minister expressed it publicly in a speech, “It is common knowledge that with deepening financial stringency of State Governments and want of trained personnel, nationalization is at present not a practicable proposition.” — MadrasInformation (Oct., 1951), p. 31.
Eastern Economist, (Oct. 5, 1951), p. 564.
Reserve Bank of India, Report on Indian Currency and Finance, 1955–6, Appendix.
Ibid., p. 178.
Eastern Economist (June 8, 1956), pp. 899–900; (May 11, 1956), pp. 753–4.
India, Ministry of Information and Broadcasting, The Fourth Year, 1951, p. 201.
Madras Mail (June 23, 1951).
Indian Express, Madras, (May 19, 1951), p. 3.
Eastern Economist (April 16, 1948), p. 725.
Investor’s Encyclopedia, 1949–50, pp. 782–3.
India Trade and Industry, 4 (Aug. 8, 1952), 126–9.
Nehru’s speech, Hindustan Times, December 18, 1954, p. 1.
Industrial Finance Corporation of India, Annual Reports, 1949–1956, pp. 1–8; Capital (Calcutta), Oct. 4, 1956, p. 467.
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Eighth Annual Report, 1955–6.
Eastern Economist (May 10, 1957), p. 696.
India Record, Office of the High Commissioner, London, (Jan. 19, 1950), p. 8.
Indian and Pakistan Yearbook, 1950, p. 203. Plans were abandoned because of “alleged inability of the proposed managing agents to raise their share of the capital,” Journal of Commerce (Nov. 22, 1949), p. 26; India, A Reference Annual, 1957, p. 352.
India Record (March 30, 1950).
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Second Five Year Plan, p. 480.
Indian and Pakistan Yearbook, 1949; a later, less reliable source gives a different distribution of share capital, Indian Trade and Industry, 4 (Aug. 22, 1952), 150–3.
New York Times, Jan. 22, 1952, p. 59.
Times of India, Oct. 1, 1951, p. 4; Indian Trade and Industry, 4 (August 22, 1952), 150–3.
Eastern Economist (Nov. 26, 1954), PP- 864–5; Indiagram, No. 792 (Sept. 28, 1955), p. 5; Second Five Year Plan, p. 400.
Report of the Committee on State Trading (New Delhi. 1950), p. 81.
Eastern Economist (Jan. 20, 1956), p. 65; (June 20, 1956), p. 955.
India, A Reference Annual, 1957, pp. 335–6.
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© 1959 Martinus Nijhoff, The Hague, Netherlands
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Spencer, D.L. (1959). Mixed Enterprises in India. In: India, Mixed Enterprise and Western Business. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-0713-4_6
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