AGAWAM – Publicly-traded Applied Industrial Technologies of Cleveland, Ohio, has purchased Atlantic Fasteners , a wholesale distributor of hardware which includes screws, bolts, nuts and washers, located in Agawam. Of these amounts about 1,600 million rupees would be private investment and 1,400 million rupees would be public investment, largely via the Pakistan Industrial Development Corporation. If, however, the percentages of shortfall which we have permitted for the Program as a complete have been applied to public and private investment in sector, the actual expenditures for industrial investment for the duration of the Program period would be about 2,500 million. In fact, the fundamental change brought about by the Second Program was the restoration of a balance amongst agricultural and industrial improvement. The precise composition of the industrial programme in the Program cant be determined in advance.
The Government intends to let the industrial pattern respond to marketplace rates, not to trammel it by prescribing a rigid plan for industrial improvement. It will be seen that the complexity of the difficulty of industrial development does not permit the application of any basic criterion, such as. Preference of heavy or producer goods industries over light or consumer goods industries.
Increase of industrial output.-Very first priority is offered to better utilization of current capacity. Measures to improve managerial and technical capabilities, to strangthen industrial schools, and to give trading-inside-industries will be undertaken. Far more anxiety will be placed on use of consultants in overhauling industrial operations. There are several industrial units where production can be substantially improved by means of fuller utilization of the installed capacity if some added investments are made.
The need to have for the most financial use of development resources in the country is so strong that resources can not be wasted by advertising at all charges an industrial pattern dominated by little enterprises. The impact of these limitations has been to discourage industrialization in those locations of the nation, notably the big industrial centers, where new investments will turn into most fruitful, at least in the short run. Close co-operation will be essential between authorities accountable for industrial arranging and those dealing with urban and regional physical preparing, in order to promote the dispersal of industries in appropriate places.
In this context it will be of advantage to offer the establishment of industrial estates in centres exactly where the transport program, water and power sources, tilad availability of raw material and possible markets offer suitable opportunities. BEY 21. Selection among public and private enterprise.-It is a standard assumplaion of the Plan that for the implementation of the industrial improvement programme, reliance will be placed mostly on private enterprise.