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2'52 RATIONALIZATION IN INDIAN BU51~ESS ENTERPRISE
$tart a giant concern which is to function as a," vertical
trust " in regard to the disposal of raw materials, semiproducts,
intermediates andnl"ished goods, or to
. commence operations with the possibility of active cooperation
between a n?mber of independent concerns on
the principle of community of interest. Chemical complexes
or combines are technologico-financial necessities.
An isolated chemical i!ldustry is doomed by its
very nature. The It~lgas of T unn (Italy) is one of the
latest instances of this rationale.
Perhaps the most scandalous instance in India of
the absence of rationalization or the want of . affiliation
between div~se industries is to be found in the low grade
of development in or rather utterly primitive condition
of the vegetable oil industry. 21 The export of oil seeds
from India to foreign countries is technologically accounted
for by the fact that the industries dependent on oil
seeds are undeveloped or find themselves in· a very
rudimentary state. It is not enough jn a fit of economic
nationalism to stop the export of the seeds. True rationalization
would involve a simultaneous business activity
.along different fronts of the oil-complex. The seeds
have to be pressed into oil in the most uptodate manner.
The pressing and refining works will give rise to
,. wastes, " the oil-cakes .., A new industry, that of fertilizers,·
has automatic~lly' to be taken care of. Then.
21 Banesvar O{lSs : 'Prosp~ct8. of Oil Industry in Indiar (Modem Reviet.J,