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Madras Fertilizers Limited (MFL) is a joint venture, with the Government of India holding 58.74 per cent of the equity share capital and the National Iranian Oil Company holding 25.44 per cent and public equity holding is 15.82 per cent The annual installed capacity of MFL is 2.54 lakh tonnes of nitrogen and 1.43 lakh tonnes of phosphate. Industrialization refers to a process of change in the technology used to produce goods and service. Automatic approval by RBI to specified industries. If you wish to opt out, please close your SlideShare account. Thereafter, the Fertilizer Corporation of India and the National Fertilizers Limited were re-organised into four companies on the basis of feed-stock and geographical considerations from 1 April, 1978. 1 750 crore for imported fertilizers).Apart from the subsidy on controlled fertilizers, the Government has been giving a special concession on decontrolled fertilizers in order to promote balanced use of plant nutrients. The industry uses primarily indigenous natural resources with little dependence on imported resources. 12,068 crore respectively, showing a steady growth over the previous year’s production. With the increasing industrialisation and growth all round, the demand for electrical energy would correspondingly increase. Major manufacturers of machine tools have now developed CNC machine tools such as machining centres, milling centres, turning centres etc. 20 crore respectively for the Eighth Plan period.

The new industrial policy announced in July 1991 has removed “Iron and Steel” from the list of industries reserved for the public sector, and also exempted it from the requirements of compulsory licensing.

i. An integrated village Handloom Development Scheme, project packaging scheme and national Silk Yarn Scheme were launched between 1991-95 with an outlay of Rs. (ii) Foreign investment up to 51 per cent will be automatically permitted in the case of all bulk drugs, their intermediates and formulations; (iii) Automatic approval, as per the industrial policy, for foreign technology agreements shall be given in the case of all bulk drugs, their intermediates and formulations, except those produced by the use of recombinant DNA technology; (iv) Measures to give further impetus to R&D in the Drug Sector are as follows ; (a) A new drug which has not been produced elsewhere, if developed through indigenous R&D would be put outside price control for a period of 10 years from the date of commercial production in favour of the Company who undertook the R&D; (b) The Department of Chemicals and Petrochemicals has set up a Pharmaceutical R&D Committee to give further impetus to R&D in the Drug Sector; and (c) the Ministry of Health and Family Welfare would further streamline the required procedures and steps for the quick evaluation and clearance of new drug applications, specially those developed through a single list of price-controlled drugs, selected on the basis of transparent and objective criteria as laid down in the “Modifications in Drug Policy, 1986” and formulations based thereon with a MAPE of 100 per cent; (v) In case of basic manufacture, the rate of return would be higher by four per cent over the existing rates which are 14 per cent on net worth or 22 percent on capital employed; (vi) To achieve uniformity in prices of widely used formulations, it has been decided that there should be ceiling on prices for commonly marketed standard pack sizes of price controlled formulations and that it would be obligatory for all, including small scale units, to follow the prices so fixed; (vii) An independent body of experts, to be called the National Pharmaceutical Pricing Authority, has been entrusted with the task of price-fixation/ revision and other related matter; (viii) Government keeps a close watch on the prices of medicines which are taken out of price control. Industrial sickness and state policy.

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ii. Since liberalisation in 1993-94 to 1996-97, there has been overall growth rate of over 20 per cent in the number of vehicles manufactured. Engineering industries have also demonstrated their capacity to manufacture large size plants and equipments for various sectors such as power generation, fertilizers and cement. Jute-packaging materials are facing tough challenges from other low-priced synthetic substitutes. Equity shares in the Company held by the Government of India and the Government of Andhra Pradesh are in the ratio of 97:3. Apart from the integrated steel plants, steel is also produced by Electric Arc Furnace and Induction Furnace Units using steel scrap/sponge iron. Don't forget another good way of simplifying your writing is using external resources (such as ⇒ www.HelpWriting.net ⇐ ).

Ninety per cent of the production of laundry soap is in the small scale sector. The most significant aspect of the diversification programme is the UNDP- assisted National Jute Programme under which an assistance of the order of US dollar 230 lakh from UNDP is being utilised by providing matching input from the Government of India. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 5,000 crore and Rs. The industries were divided into four broad categories viz: a. Defence industries and control of atomic energy.

The company is now a wholly-owned subsidiary of SAIL. Check out, please ⇒ www.HelpWriting.net ⇐, Writing good research paper is quite easy and very difficult simultaneously. Given its potential, exports by the turn of the century have been projected at Rs. Man-made Textile Research Association (MANTRA) established in 1981, occupies a status of the leading R&D and education institute of India today. ROLE OF ECONOMIC INFRASTRUCTURE Economic infrastructure has played a very significantly positive role in the growth performance of countries in recent times. Dept. In addition to the two manufacturers of intermediates of Rifampicin from the basic stage which today meets a major part of the indigenous demand of this important anti-TB and anti-leprosy drug, a new modern private sector unit has started manufacture and commercial production. Encouragement to village and small scale industries. Besides a UNDP assisted programme has been undertaken to promote wood based handicrafts for exports. Extension centre at Guwahati has also been approved. Learn more. Tariffs have been reduced on imports. Learn more. Overall production of machine tools has increased from just under Rs. Initially, the working results of SIIL were not encouraging. The world automobile leaders have evinced keen interest in India and are marking their entry through joint ventures and technology cooperation agreements.

through agricultural development) contributes to poverty reduction. The institute also organises various short-term courses, tailor made courses, awareness programmes and entrepreneurs development programmes, etc. The Corporation has made the profit of Rs. Import duty on wood pulp has been lifted. ¿Por qué no compartes? The Economic Role of The Shipping Industry. iv. These are; Rajasthan Drugs and Pharmaceuticals Limited (RDPL), Jaipur; Uttar Pradesh Drugs and Pharmaceuticals Limited (UPDPL), Lucknow and Orissa Drugs and Chemicals Limited (ODCL), Bhubaneswar. Besides, there are about 79 units producing single superphosphate. Without shipping the import and export of goods on the scale necessary for the modern world would not be possible. 238 crore for imported fertilizers). It is estimated to be almost 2.20 lakh tonnes in 1998-99. Visakhapatnam Steel Plant (VSP), the country’s first shore- based plant and the sixth Public Sector integrated steel plant, had attained high level of growth rates in production and superior technological norms within a short span of time.

Despite the general slowdown of the economy and the steep fall in the international prices of petrochemicals eroding margins of domestic producers, petrochemicals sector has performed well in 1998-99. vi. The company has incorporated a joint venture company under the name of M/s HOC Chemature Limited to set up 20,0000 TFA of MDI project under technology and financial tie-up with M/s Chematur Engineering AB, Sweden, at a total cost of about Rs. Programmes to enlarge the areas of operation of Khadi and village industries. The industry is receiving adequate encouragement from the Government. A total switch-over to all Aluminum Alloy Conductors (AAAC) realising its techno-economic benefits, would give a boost to this sector. The development of modern industries has stimulated the growth of banking, insurance, commerce, shipping, air services etc. It also produces stretomycin, haymycin and autofungin, besides formulation. Some of the prominent individual chemical industry sectors are caustic soda, soda ash, carbon black, phenol, acetic acid, methanol and dyes. Further, the industry offers direct employment to around 2.5 lakh workers. During 1998-99 the production of nitrogen and phosphate is likely to be 9.32 lakh MT and 1.07 lakh MT respectively. In the storage battery industry, some new units are coming up. Crude steel production from this sector during 1998-99 was 7.33 million tonnes (provisional). Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The plant went into commercial production in 1987 and is now exporting both blast furnace and DR grade pellets to many countries including Turkey, Australia, Indonesia, China, Taiwan, etc., and also to domestic sponge iron units such as M/s Vikram Ispat, Essar Steel and Nippon Denro Ispat.



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