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capacity the plant will con tribute Rs. 220 million per year to the Central Exche-

quer and will provide employment to 3,000 persons. It is an important land mark
in the economic growth of U. P. and that of the country. It will help resolve the

transportation bottleneck in the country caused by immense shortage of tyres.

Towards the end of the year Mr. Modi received a delegation of Japanese busi-
nessmen. This provided him an opportunity of exchanging ideas on the devel-

opment of industries in India. In December, he met Mr. Robert McNamara, Chair-
man of the World Bank, when he had another opportunity to discuss how other

countries could extend their cooperation to the development of industries in
India. Exchange of ideas on industrial growth continued at the international lev-

el when he attended the deliberations of the International Investment Seminar.
These deliberations at national and international levels provided him with ex-

cellent opportunities to express his opinion on numerous problems of industrial
development in the country.

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