ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Inflationary Years

November 25, 1967 organisation of large industry and business in the country is difficult to appreciate. The "mutual advantage'' to be gained from the development of an organic relationship between large and small industries includes, for the large units, spreading out of risks, reduced investment in manufacturing facilities, smaller working capital requirements, and lower unit cost of product because of lower overheads of small units. In return the large units have the obligations, which they fulfil in most developed countries, of providing assistance by way of making available drawings, technical supervision, help in testing and finishing, and procurement of specified qualities of raw materials. FICCI would be rendering better service to its own membership by educating it in the economics of actively developing small units as ancillaries, than by complaining about official attempts to impose conditions on large-scale units about purchases, etc, from small-scale units.

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