Chapter 37 – Business Environment

Chapter 37


1. J. R. D. Tata, Suggestions for Accelerating Industrial Growth, a Memorandum submitted to the Government of India on 17 May, 1972, Bombay: Tata Press Ltd, October 1972.

2. Industrial Policy Resolution 1956, Department of Industrial Development, New Delhi: Government of India, 1956.

3. INDIA, Industrial Policy Resolution 1956, 30 April, 1956.


5. Government of India, Ministry of Industrial Development, Internal Trade and Company Affairs, “New Industrial Licensing Policy”, Press Note dated 18 February, 1970. Reproduced in G. D. Sharma, New Industrial Licensing Policy of Government of India, Chapter V, New Delhi, Press & Publications Agency, 1973.

6. Government of India, Ministry of Industrial Development, Circular No. 10(12)/LIC. Policy/1969, dated 8 February, 1973.

7. A. N. Oza, ‘Dissecting the Joint Sector”, Economic and Political Weekly, VII(44), (28 October, 1972), 2178-80.

8.M. R. Murthy, “Joint Sector Enterprises in India”, Working paper no. WP/1988/07, Institute for Studies in Industrial Development, 1988.

9. Samuel Paul, S. K.Bhattacharya and S. C. Kuchhal, “Joint Sector: Guidelines for Policy”, Economic and Political Weekly, VII(50) (9 December, 1972), 2415–29.

10. INDIA, Industrial Policy Resolution 1956, 30 April, 1956.

11. Samuel Paul et. al., op. cit., pp. 2415–29.

12. R. M. Lala, The Creation of Wealth: A Tata Story, Bombay: IBH Publishing House, 1981, p. 61.

13. S. K. Goyal, “Joint Industrial Sector: The Purpose and Form”, paper presented at the Seminar on Industry and Fourth Plan, University of Bombay, 29–31 March, 1971.

14. S. K. Goyal, “Privatisation of Public Enterprises: Some Issues for Debate”, Corporate Studies Group Working Paper No. 11, February, 1985.

15. S. K. Ray, “Joint Sector: Untapped potential”, The Hindu Business Line, 25 May, 2002.

16. Tata Services Limited, Tata Statistical Outline of India 2007–08, Mumbai, India: Tata Services Limited, 2008.