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Saturday, Sep 13, 2003

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Support for local enterprise

Again, take the case of coastal shipping. Local enterprise was always discouraged in this field by the British rulers. The worldover even today, coastal traffic is reserved for local shipping companies. But in those early years, shipping companies in different parts of the country were crushed by unfair competition from vested interests, mainly British shipping companies.

Commenting on arguments opposing reservation of coastal shipping for Indian companies through a bill in the Assembly in 1928, The Hindu observed that national sentiments and "economic considerations and interests'' alike pointed to the urgency of the establishment of a national mercantile marine.

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