Word: jute
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Ringed City. Unlike Calcutta, where long British ownership of the jute mills left a distinctly British tone to the city, Bombay has its own cosmopolitan, fiercely independent stamp. From the beginning, the flourishing textile industry was owned and operated by the Indians themselves. Bombay industrialists were treated by the British as potential customers for machinery rather than as colonial underlings. Textiles spurred the city's growth, but Bombay has confidently gone on to such new industries as oil refineries, fertilizers, synthetic fibers, and assembly plants for Italian autos and motor scooters. The city is ringed by plants making everything...
Part of the outcome was caused by purely local issues (example: recent government proposals to lower protective tariffs on jute, which would jeopardize an industry that employs 20% of the city's work force), and the loss was not as sharp as the Tories' recent defeat at thriving, middle-class Luton. But the Tories were painfully aware that they have little time to reverse Labor's gains before elections, probably next spring...
...maker of all, a feat that brings in $15,000,000 a year from its 30,000 subscribers. The soft comforting sounds that ooze from Muzak's speakers are heard each day by more than 60 million people-in hospitals and mortuaries, elevators and space capsules, prisons and jute mills. It even plays during all top secret conferences in the Pentagon, where its mission is to confound eavesdroppers by drowning out all the secret talk. If there is something faintly Chaplinesque in all this, it escapes the Muzak men, whose simple aim is to bring out the best...
Mafatlal's jute plant and ten textile mills employ 25,000 Indians, produce 4% of India's cloth, and specialize in the low-cost cottons that make up the traditional dress of most Indians. Dissatisfied with too much dependence on textiles, Mafatlal recently linked up with West Germany's Farbwerke Hoechst to build a $21 million, nine-plant petrochemical complex that will be India's largest. By bringing a much-needed new industry to India, he hopes to dispel the notion, widely held among his countrymen, that all industrialists are merely greedy. Says Mafatlal...
From shopkeeping, the Marwaris have expanded into speculation, finance and industry. They moved into jute milling by dispatching platoons of Marwari workers into British mills to learn the technical secrets the British had refused to share. Calcutta's Marwaris moved from the shop-crowded Burrabazar to the financial district's Clive Street, where they set up curb markets and soon moved onto the exchange. Marwaris are India's best bookmakers, so fond of betting that they will wager on the sex of an unborn child or the number of pips in a tangerine flake...