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RATIO:-.lALIZATION IN INDIAN BUSINESS ENTE~RISE 23c}
iIldus~rial morphQlogy.Is ,And in terms of technological
no~enclature all the manufac:t~res of the~ompany except
the rails and bars, etc., .namely, coke. pig iron and steel
which would be. regarded as fi~ished products by other
co.mpanies. are in its own estimation nothing but raw
~a,terials,···semi-~anufa~tures·· or rathe~ intermediates.
finally, it has to be observed.,that in regard to ~he
disposal
of its own finished products the A nnual Report JOT
1928-29 says as f~llows: .. Stockyards in different parts
oJ Indiahav~ been started alld a large proportion .of ou~
steel will be ultimately distributed. through them."
~conomy in marketing could not be better realized in any
other way. This is. but the last of the many economies
~hat have been accruing automatically to the company
because of its essential character as a "vertical trust"
( ". .
combi,ning in one financial and technical complex a
I"/.umber of enterprises in the hierarchical order of produc:"
tion.
The utilization of .. waste products .. at th~ coke
oven d~partment ",hich in comb:nation with the sulphuric
acic;l; .plant ieads to the manufacture of sulphate .9f..
amm~ni~ and coal ta.r is likew~se a mentionable. item in
the works fr~m . the sta~dpoint ·of industrial structur~·.·
For, this give~· rise to economy which lessens the price
~f coke and ~ltimately of pig iron and steel and tilU~
~ssures or rath~r stre~gthens the ~apacity of the c0If:\pany
to compete on the world-market. . _
The ~chievements of the T ata Iron and Steel Co. ill
rationalization ~long the different fronts,---,-in technique, i~
~ .. ," '" . .
15 '.The Stinnes Complex in .German Industry' in Sarkar: Econmic
Jef)e(opme~t (Madras. 1926). pp. 60-63,