The Mettur Chemical and Industrial Corporation Limited-Review of the Chairman, Sri S Narayanaswamy

sized, and the concept of 'Viability" is a global one, depending on many factors like new processes, new materials and new methods of reducing cost. Size is but a consequence of these factors. Therefore, it is not enough if Government promises an occasional relaxation of the so-called monopoly or large unit rules, but there should take place a change of policy which recognises the economic need of large-scale production and the organisational and investment advantages inherent in the larger units of management. There is no use in trying to have the cake and eat it, and also sell it; which is what the Government is trying to do.