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- on with the
job. We believe three prin~iples must prevail if our
policy is to succeed:
"First, the developing nations must give highest priority
to food production, including the use of technology and
the capital of private enterprise.
"Second, nations with food
- these twelve pro
Rs. 203 •.3 crores.
totalling
DEVELOPMENT
BANK
The Refinance Corporporation
stimulating
the contribution
The corporation,
established
given by banks to private
assistance
of private
plays an important role in
enterprise
to economic
- in agriculture ;
, that alone offers a prospect of matching the growth .,
1 in population. It sorely needs a big increase in fer[. tilizer production, yet India has been suspicious · of .1
I private enterprise, turning down the plans of major ·.
Americ~n chemical
- Folder, "Food for India - Newspaper Articles," Food for India, Legislative Background and Domestic Crises File, Box 1
-
has been the major single
to a growth of output and that
of growth is associated
of this
per year;
The data also suggest that
has been declining and in the more recent
percent·
been only 2½/per year.
'l"ite d:e.ta
contributing
the
of the 28
-
as representative.
of the U.S.
Compared
($3 billion),
economy and
are expressed
For instance,
in extreme
the persistent
is, of course,
A. I. D. has taken remedial
the •iollar outflow associated
about $50 milli)n
competent
There· has been an increasing
-
progrp.m.
visions
of incentives
ment and import
led to greater
existing
efficiently
for private
those Indian officials
and a more market-oriented
capacity
price
in industry.
availability
self-help
enterprise
from internal
licensing
with India
- Requirements for Imports of
Fertilizers
and Fertilizers
RawMaterials
1961-62 to 1970-71
67
Foreign Exchange Requirements Associated v."i.th
Fertilizer,
1965-66 to 1970-71
68
Projected Foreign Exchange Requirements of the
Agricultural Sector, including
- ,
DEVELOPMENT
20523.
.
.
JUN1
1965-
Mr. Howard A. Cowden, President
International
Cooperative Develo;>ment Association
1101 Co!ltinental Building
1012 14th Street, N. W.
Washington, D. C.
20005
Dear Mr. Cowden:
I have been asked to reply to your telegram
- President
Last Friday I spoke to the National Newapa.per Publishers
Association in Omahaand then The Grange in Topeka, return
ing that night.
I bad press conferences in both towns and
found it ironical that for the first time in five years,
rather than