Full text: Study week on the econometric approach to development planning

1138 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 
we are also now establishing a factory to produce machinery which, 
after four or five years, would enable us to set up a new ammonium 
sulphate factory every year. I hope the position is clear. This policy 
may not be suitable for a small country. I am not generalizing. 
But in India as I have already mentioned we have 50 million hectares 
of land which is sure of having enough water; we can use 25 or 30 
million tons of ammonium sulphate per year at a very low rate of 
dressing of 25 kilos per hectare; we may be able to use much bigger 
quantities with advantage by increasing the dressing. To set up one 
heavy machine building factory at a cost of foreign exchange of not 
more than 100 million dollars once and for all is not taking a very 
big risk. 
[SARD 
I just have a brief question. Do the materials that you have pre- 
sented have reference to a large population spread over a large area? 
[ am sure you are aware of the thinking which emphasizes that indu- 
strialization proceeds from relatively concentrated cores of activity. 
To achieve major industrialization you must select a relatively small 
number of points at which to start. I was wondering to what extent 
this consideration enters into all the estimates and plans upon which 
you report. 
FISHER 
In the discussion of Professor MAHALANOBIS’ paper Professor 
DORFMAN raised a point which I would like to emphasize and to 
which I do not think I reallv understand Professor MAHALANOBIS” 
answer. 
Professor DORFMAN’s point was that a proper analysis of the cost 
of the program which imports machinery to make machinery to make 
fertilizer must take into account the cost in foreign exchange of im- 
‘151 Mahalanobis II - pag. 26
	        
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