GIPE-PUNE-OIIOI2 - DSpace@GIPE

· 2'48 RATIONALIZATION IN INDIAN BUSINESS ENTERPRISE
· a regular business proposition the electric power is hardlylikely
to be placed on the market. The precondition for'
the establishment of hydroelectric concerns is the
existence and co..operation of these multifarious power~
using clients. And where independent clients are
not forthcomin.g, the hydroelectric works. iF it is to.
function at all, must establish industries of its own toutilize
the power generated by itself.
The utilization of was~e or bye products is a sine
qua non of the iron and ste~l industry. The very sin~·
qua non for the hydroelectric enterprise is similarly to be
found in what may be described as industrial" ecology, ••
i.e., the system of auxiliary,. allied or associated
industries, of which the utili.zation of bye products is butone
aspect. Neither the iron~steel nor the hydroelectric.
concerns can flourish except as the nucleus of an industrial
., complex." Whether this industrial complex is finan~
cially subordinate to it and forms· part of. one and the.
lame organizational system or is independent of it in
management and control makes hardly any difference.
What is important is that from the standpoint of technology
the nucleus and the complex must" be intimately
inerrelated, one depending on the other as market to. pro~
d1Jcts! as affiliated members of .. a community of
interests," 50 to say. This is·.the verdict of rationalization
as the science of min~mum supply~prices.
Hydroelectricity. in India has already been feeling
this urge of price~economics as a "compelling" or
"determining~' factor in the! system of industrial affilia~
tions. The small installation at Shillong in Assam
· (1923~29) cannot Bourish simply I::ecause cf. this absence
of industrial atmosphere, the economic environment.