NMDC - a forerunner of Indian industrial development: B.I.O.P. Deposit No.14, Kirandul - the cornerstone of NMDC's success story

摘要

Many early post-independence leaders, having clear concept of the Government's role in developing the nation advocated government intervention to guide the economy including state ownership of key industries. The objective was to achieve balanced economic development in India in the general interest with particular programmes and measures to help the poor. India's leaders also believed that industrialization was the key to economic development. This belief was all the more convincing because of the country's large size, substantial natural resources, its desire to develop its own defence industries and its aim for self sustenance. The Industrial Policy Resolution of 1948 gave government a monopoly in armaments, atomic energy, and railroads, and exclusive rights to develop minerals, the iron and steel industries, aircraft manufacturing, shipbuilding, and manufacturing of telephone and telegraph equipment. Private companies operating in those fields were guaranteed at least ten years more of ownership before the government could take them over.