Nehru Govt. introduces new strategy and formed a model for
development and expansion of Industry.
After death of Nehru the depiction started to crawl in the economy.
After Nehru, Lal Bhadur Sastri, But he didn’t do much to grapple
with the crisis as his tenure last only for 20 months.
After Lal Bhadur Sastri, Nehru’s daughter Indira Gandhi took place
and start working to improve the economy of India. She decided to
bring all the major Indian commercial Bank under State Control.
Under Nehru era Pvt. Enterprise system didn’t suffered much and
registered good progress, even all the old establishment registered
impressive gain and many new Groups emerged during that time.
MAIN PLAYER TATA
(Tata Iron and Steel company)
Largest company in the country on the eve of
(Tata Engineering and Locomotive Company)
The manufacturer of locomotive for Indian Railways
Was born as Air India international in 1948 in which
government had 49 per cent, Tata's with 20 percent
stake and remaining 31 per cent were left for public
New India Assurance Company
It handles general insurance, Which would not be
nationalized until much later
It was launched in 1963 in partnership with James
Finlay as a sterling firm to produce tea.
(Tata Consultancy Services)
It was established in 1968.
The New Entrants
1. In Post-Independent multiple number of new companies came into
2. The Old companies before independence have gained success and achieve
3. In Nehru era most of his policy was Criticized because He was not
Interested in privet sector.
4. The major industries that dominate Indian Business before and after
Independence under went substantial expansion and consolidation.
5. The Companies that had emerged are BAJAJ, MAHINDRA etc.
The Public Sector
Jawahar Lal Nehru was criticized for giving undue importance to
public sector at the cost of the privet section.
67 Public sector undertaking setup was done during his lifetime.
Only 50 were engaged in real sense.
15 out of these 50 companies were large enough like Bharat Heavy
Electrical Ltd. Oil And Natural Gas Corporation. Indian Oil, Air
In the Nehru Era The Govt. decided to developed a Special
Managerial Cadre For Public Sector.
Expatriates And Multinationals
In Nehru Era The Expatriates faced a major set lack.
Downfall of groups like Andrew & Bild due to labor problem in west
Andrew sold companies to ***
But taken over by government.
End of largest & oldest European group.
Difficult to manage.
Unique method by disinvestment.
Gave stocks to employees and executive instead of corporate.
Later taken over by Govt.
Expatriates And Multinationals
Pary and Binny Expatriate Groups.
Went through expansion and re organization.
Converted to joint stock company.
Opportunities for Indian
After Independence Subsidiaries Of Expatriates controlled by the foreign
Continued to expand.
Six new undertaking were established.
Indianized their management.
Unilever changed to Hindustan lever lmtd. In 1965
Entered New fields like Soap And Detergent.
Imperial Tobacco Changed To Indian Tobacco Company And remained
Cigarette Manufacturing concern till 1960.
No other company had any complaints except the expatriates at the end of
Infinity Benchmark, 10th
Floor, Plot G1,
Block EP & GP,
Sector V, Salt-Lake,
Kolkata – 700091.
Goldline Business Centre
Next to Chincholi Fire
(West), Mumbai – 400