GIPE-PUNE-OIIOI2 - DSpace@GIPE

2'42 RATIONALIZATION IN INDIAN BUSINESS ENTERPRISE
The works utilizes its pig iron for the manufacture
of ,cast iron pipes in conformity with the specifications of
th~ British Engineering' Standards Association. Thepipe
foundry is uptodate, and the management has sought
to eliminate manual labour by providing electricallyoperated
machinery for such functions as ramming, core-·
making and screening and mixing of sand.
As at Jamshedpur.at . Bhadravati (Mysore) also theo
utilization of bye products. plays an important part in the
works. The condensable ,gases of the wood-distilling;
retorts are being used in the chemical plant, as part of
the concern, for the manufacture of acetate of lime, ..
methanol, methyl acetone, a wood preservative and a.
disinfectant.
With all these econoIP.ies tlte Mysore Iron Works:
does not yet feel after .six or seven years of work quite·
sure of the market. There is no doubt that rationalization
has contributed in no small measure to its stayingpower
by ~heapening its products. To-day in, the epoch.
of world-economy no concern,. whether in India or elsewhere,
can expect to function unless it can deliver the.
goods at. competitive prices •. And ratiorialization is.
nothing but a powerful element in applied priceeconomics.
In the struggle of industrial or commercial.
enterprises for existeoce ,and self-assertion rationalization
is serving to-day as the most ~fficient aid tothe
bringing down of the supply-price tQ the lowest
possible . level,
. Rationalization, as a • prominent aspect of the-·'
economics of the lowest supply-prices in so far as competitive
goods of the world-market are -concerned, is th~re-·
fore looming large in India in regard to the industries; .