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Small Industry Development – Challenges of the Eighties

I am greatly honoured by being asked to deliver the lecture this evening under auspices of the Andhra Pradesh Centre of the Institution of Engineers (India). I am doubly honoured that the revered name of Sir M. Viswesvaraiya is associated with this lecture. Sir M. Viswesvaraiya was indeed a prince of planners and the first among our public men to think of planning as a means of economic growth. His book 'Reconstructing India' and 'Planned Economy for India' are now considered as classics in this field wherein he had pleaded eloquently for a planned development of the resources of the country to tackle the problems of poverty and backwardness. With his keen and perceptive vision, he had realised even before Independence that unless the country adopted a programme of Industrialisation, these problems cannot be solved and he gave the slogan to his countrymen: 'Industrialise or perish'.