GIPE-PUNE-OIIOI2 - DSpace@GIPE

.2'50 RATIONALIZATION IN INDIAN BUSINESS ENTERPRISE
"Bombay economic region,-"but they have wid~-reaching
plans as well for enriching this ecoilomic region with new
industries as purchasers of their power. Some of these
:new industries are' to be started by the hydroelectric com­
~pallies themselves, e.g., those involving electro-chemical
processes. The .. localization" of industry is thus
.acquiring a new significance under the dynamic pressure
,-of electro-technology.
Rationalization as a system of affiliated or associated
:'industries has therefore been 'regionally a' fact of th~
Bombay hydroelectric ventures, and it is being "goal-
· fully " furthered in a deliberate manner by the
: parties interested in the manufacture of hydroelectricity.
· And this aspect of rationalization has been helped for-
· ward, luckily for the enterprise, by two sets of circum­
.stances, one natural or geographical and the other,
business-morphological or socio-financial. . Thus, the
.second and the third schemes are but physical extensionS
· of the first one, so that the geographical unity has
· enabled the establishment of some degree of technologi­
.cal uniformity. This fact has been serving as no mean
,factor in the institution of economies. And secondly,
all these four works are under the unified finance and
. control of the same " holding company," T ata Sons Ltd.
To this hydroelectric t:';1;1st; worth Rs. 222,000,,000 as
,capital, there has been a recent accession of American
:finance (1929) in substantial proportions which can but
:.lead to the strengthening of the entire structute as one
.technologico-economic con:plex. .
If the gigantic strides of, the hydroelectric development
on the Bombay side point to the previous existence,
'parallel development and possibilities of growth of a