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

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Vol X No 49 December 6, 1975 Skylark 284 Frere Road Bombay 400 001 Grams Econweekly Editor Krishna Raj Assistant Editor Rajani X Desai Editorial Staff Colin do Souza, Ashok Rao, A A Dalvl No Cinderella This COTTON and jute textiles and sugar have occupied an important position on the industrial map of this country. Relatively easy availability of raw materials and cheap labour have given these industries vital advantages. Unfortunately, these advantages have been largely squandered by those who have managed these industries. In particular, jute and cotton textiles long ago fell into the hands of traders-cum-industrialists who have made their fortunes mainly from cornering stocks of raw cotton and raw jute. They bought cheap from the fanners and sold dear to mills under their own control. The mills have been similarly mulcted also through their purchases of stores, spares and other consumable items. The benefits of the natural advantages enjoyed by these industries have thus not accrued to the consumer nor have they been reflected .in the profits of the cotton and jute mill companies; they have instead gone to swell the private fortunes of those who control the mills. Not surprisingly, therefore, while the latter have prospered and used the private profits from their control over the cotton and jute textile industries for other trading and industrial forays, the two industries themselves have largely stagnated. Cotton cloth production by the mills has remained static over the last 15 years, employment in the mills has declined and currently over 100 mills are run by the government which has had to take them over to save thousands of workers from being thrown out of jobs.

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