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9.3   Development of Industry · Part 3

Chapter 8: Chapter 9 · HISTORY

have the resources or the willingness to enter into such investment. Steel plants in Bhilai (Chhattisgarh), Rourkela (Odisha), Durgapur (West Bengal), Bokaro (Jharkhand), engineering plants like Bharat Heavy Electricals (BHEL) and Hindustan Machine Tools were all set up in the 1950s in collaboration with Britain, Germany and Russia which provided the technical support. Units which did not have to be located near raw material sources were set up in backward areas to reduce regional disparities in industrial and economic development. BHEL was first set up in Bhopal, and later in Tiruchirappalli, Steel Plant, Bokaro Envisioning a New Socio-Economic Order the level of liberalisation.

The former want more free play of market forces to eradicate imbalances and checks to progress which are still in place. The leftists are unhappy that the state has abdicated its responsibility of ensuring and promoting social justice and welfare by allowing free play to private capitalists to exploit the economy.

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