Word: indianized
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Dates: during 1970-1979
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...sacrifice notwithstanding, steam shovels, dredges and swarms of black West Indian laborers wielding picks and shovels scarcely scratched Culebra, an eight-mile stretch where the lowest mountain pass was 275 ft. above sea level. The main hope of the company's creditors was that the U.S. would buy the French rights to the Panama project. Bunau-Varilla, at one time the company's acting director-general, began to lobby the U.S. government to do precisely that...
...most popular soft drink in the country; it was turning into two four-letter words. Climaxing a four-year campaign against multinational companies in general and Coca-Cola in particular, the government in effect demanded that Coke turn over its secret drink formulas and 60% of its operations to Indian investors by next April or be expelled from the subcontinent. Minister for Industry George Fernandes, a leftist labor leader installed in his post by the new Janata Party government, charged that Coke was taking far more money out of the country than it was putting in, and trifling with India...
...better than Indira Gandhi's Congress Party, which was thrown out of office last March. The new mood is a far cry from the more tranquil days of 1950, when Jawaharlal Nehru, Prime Minister of newly independent India, sipped Coke as the cornerstone was laid for an Indian Coke-bottling plant, or in the mid-'60s, when the Dalai Lama, in India as a refugee from the Communist takeover of Tibet, happily quaffed Coke...
...Coca-Cola Export Corp. in India now supplies Coke syrup to 22 Indian-owned bottlers employing some 6,000 people, and runs one plant of its own that makes the concentrate. Their growth, snorts Fernandes, is a "classic example" of how a foreign company can amass power by quietly focusing efforts on frills like soft drinks instead of on areas of intense national concern, such as high technology. He claims that Coke reaps 400% profit margins in its dealings with Indian bottlers...
Improvement still seems distant. Under Mrs. Gandhi, Indian industry was mired in deep recession-largely because of impenetrable tangles of red tape. Desai's government did, however, inherit over $4 billion in foreign reserves and record wheat stockpiles. But the Janata regime is hamstrung by internal wrangling. Squabbles over patronage have left many ministerial posts vacant. "I have no time for policymaking because I have no help," moans a minister. One result is that Desai's first budget virtually duplicates that of the former Congress government. Inflation (now 2% a month) and shortages of key commodities (edible...