Aluminium in the Red

Aluminium in the Red K V Subrahmanyam AROUND 1958, in pursuance of the Industrial Policy Resolution of April 1956, the Government of India conceived the idea that the public sector should enter aluminium. Earlier, EMS Namboodiripad, as Chief Minister of Kerala, had announced that Hungary was likely to assist Kerala in setting up an aluminium plant in the State. With the fail of Namboodiri- pad's government, the Government of India thought of locating this venture at Koyna in Maharashtra, but ultimately settled for Korba in Madhya Pradesh, and it took upon itself the role which earlier the Kerala State Government was to play.