Textile Policy- Many Question Marks

most cases is the creation of oligopolistic situations in industries producing goods of upper class consumption with concomittant shortages and monopoly pro- fits, black money, political corruption and what have you. Now industrial licensing controls are being progressively relaxed, accompanied by suitable Changes in the rates of direct and indirect taxes, for the explicit purpose of encouraging the pro- duction of goods and services which are demanded by the relatively small segment of the population in whose hands the bulk of incomes and purchasing power are concentrated. Or take again the objective of securing the use of less capital-intensive and more labour-intensive techniques. The controls on industry and other means of influencing the choice of techniques and technologies, it is true once again, have not been successful. And recent economic policy statements have explicitly spelt out that, in the pursuit of modernisation and the adoption of the latest technology, enlargement of employment cannot be an objective, at least as far as industrial sector is concerned. A specific expression of this approach is to be found in the new textile policy announced earlier this month in which large-scale displacement of labour has been accepted as both inevitable and necessary for the reorganisation of the industry on a more viable basis.