The Indian Government also produced a planfor the industrialization of India. It proposed rigorous Government control over heavy industries, with nationalization in cases where private capital is insufficient. The Government would: 1) coordinate India's 20 leading industries; 2) subscribe capital for new ventures where necessary; 3) encourage manufactures by buying Indian products wherever possible; 4) license new factories.
India's industrialists wanted an industrialization plan, but they were not sure that they wanted the Government's. Before saying yes, ten top manufacturers, headed by Mohandas Gandhi's good friend,
Ghanshyamdas Birla, decided to visit Britain and...
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