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Posts Tagged ‘British’

EU senior officials said the Bolivian nationalization of the company have the right to do as long as they provide a fair compensation. Kenneth Bell, Head of EU Delegation to Bolivia, explain the nationalization is a sovereign right of the Bolivian government. This was said by Bell a week after Bolivian President controversially mastered four electricity companies. Two power generation companies are among the British and French companies.

Police control of the company on a warrant following a Labor Day President Evo Morales nationalized. In an interview with Bolivian newspaper La Prensa, Bell pointed to events in Europe.In this area a number of banks taken over the country because of the global economic crisis. He continues, although recently there nationalization, European companies such as Repsol, Total, and British Gas remained active in Bolivia.

Sunday local time, according to local media, Bolivia took over the electricity generation company owned by Glencore International AG, Switzerland. Expropriation took place a day after President Evo Morales decreed the nationalization of three power generation companies. ”From now on, power-Antimonio Vino state,” said Prime Minister Oscar Coca, as quoted by news agency Erbol.

“We took over the power company. State now controls 80 percent of electricity production for Bolvia. Sooner or later, the state will acquire 100 percent,” Morales said in a press conference. Friday last week, Morales visited Venezuela to sign trade cooperation and trading of natural gas with socialist leader Hugo Chavez.

Reasons for slow growth of entrepreneurship in During British period in India. 

Inspite of the above problems, the export trade of textile in 17th century was on ascending trend. During this period, grouping of Indian merchants into joint stock associations for the purpose of managing the supply of textiles to European companies was very significant. This helped in exporting huge volume of textiles to the European markets leading to favorable terms of trade.

Not given proper protection: The enterprises were not given proper protection by British Government. Discouragement by British Government: Only those industries in which the British Government put their own capital were given encouragement. High railway freight charges: The railway freight charges were higher for locations not nearer to the ports. This proved that the transportation of the goods manufactured for the Indian markets were more expensive than goods meant for exports. Exorbitant tariffs: The British imposed exorbitant tariffs on India made goods. Constantly harassed for getting licenses: Entrepreneurs were constantly harassed for getting licenses and finance to established and run industries. No facilities for technical education: there were almost any facilities for technical education which alone could strength Indian industrial entrepreneurship. Entrepreneurs faced fierce competition from abroad: The Indian indigenous entrepreneurs faced fairs competition from machine made goods exported to India from abroad. Lack of transportation and communication facilities: Lack of transportation and communication facilities acted as the stumbling blot in the way of industrial growth. Not encouraged the establishment of heavy industries: The British Government did not encourage the establishment of heavy industries like heavy machinery, iron and steel which are necessary for rapid industrialization. Political turmoil: Political turmoil and abolition of princely courts discouraged the growth of entrepreneurship. Multi-currency system: Prevalence of multi currency system affected the business environment and blocked the growth.

Inspite of the above problems, the export trade of textile in 17th century was on ascending trend. During this period, grouping of Indian merchants into joint stock associations for the purpose of managing the supply of textiles to European companies was very significant. This helped in exporting huge volume of textiles to the European markets leading to favorable terms of trade.