Third five year plan

With the presentation of the Draft Outline of the Third Five year Plan involving a capital investment of Rs. 10,200 crores, India will pass another threshold on her way to industrial progress and economic "take off". An amount of Rs.2500 crores has been envisaged in the plan for the development of minerals and industries during
1961-66, out of which, the share of the private sector has been estimated to be of an order of Rs.1,050 crores. Major heavy industries planned planned relate to the expansion of existing iron and steel and ferro-alloy industries inc-luding establishment of a plant for alloy tool and spec-ial steels, production of non-ferrous metals and alloys, particularly aluminium, zinc and electrolytic copper, establishment of industrial machine manufacturing and machine tool plants, etc. Other major items included in the programme of the Plan are coal, mineral oils, petro-leum refining, fertilisers, basic chemicals and inter-mediates, etc.