Coal-Cost of Low Productivity

January 14, 1984 to the cotton textile industry exceeds Rs 1,550 crore one would have expected its chairman to make a critical evaluation of how the industry had used this assistance for modernisation and rehabilitation. No viable project for modernisation is known to have been denied financial assistance. Interestingly enough, what the IDBI chief said at the seminar had the semblance of a brief from the industry. The general outlook facing the industry. and labour management relations were mentioned as the major hurdles in the way of more rapid modernisation. Modernisation and investment in plant and machinery are often put off by uncertainties on the industrial relations front, Punja said.