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...discouraging 2½ years, handsome Tiruvallur Thattaf Krishnamachari, Madras businessman, spoke up for private enterprise in India. As Nehru's able Minister for Commerce and Industry, Krishnamachari believed that "the private sector" could make a sizable contribution, even to Socialist-minded India. Last fall, when the government decided that India needed more steel mills, Krishnamachari proposed to give a contract to India's wealthy G. Birla interests. Pandit Nehru said...

Author: /time Magazine | Title: INDIA: Private Enterpriser | 2/14/1955 | See Source »

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