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

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ANDHRA PRADESH-Distributing Favours among Friends

global marketing networks and Indian firms are expected to play the role of subcontractors and provide cheap shop floor operators and labour. India would not, under this scheme of things, attempt to indigenise parts and components which go into final assembly of products for domestic consumption or export and the phased manufacturing programme is to be wound up. On the contrary, components and parts would be supplied by foreign corporations and assembled into the final product by Indian labour. It is proposed, therefore, that foreign equity should not only be allowed but preferred and encouraged not only in the case of new collaboration deals involving import and application of high technology but also in the case of existing enterprises which have only technical collaboration arrangements with foreign sources or are already using the imported technology after its outright purchase.

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