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

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SOVIET UNION-Tenth Plan Patchy Performance

December 5, 1981 their products even to other third world countries in competition with the developed countries. The Indian steel industry began with two natural advantages: cheap raw materials and low cost skilled labour, TISCO enjoys them still, but not SAIL which has inherited new, but technologically obsolescent plants and has been the victim of raw materials of indifferent quality (especially coking coal) and erratic power supply. So much so that Bokaro expects to sustain a loss of Rs 5 crore or more this year and Bhilai too on some of its products. In such a situation, how can export-oriented Paradip plant be anything more than an addition to such white elephants as Bokaro and Durgapur with which the Indian economy is already saddled.

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