With liberalization, the limits on production have been removed. Multinationals have entered even fields such as the smallest scale food-processing industries. Domestic industries are unable to complete with the multinationals.
Some of the biggest industries in Andhra Pradesh like the fertilizer corporation of India, Indian Drugs and pharmaceuticals Ltd., Hindustan Machine Tools Ltd, Hindustan Zinc limited, Praga tools limited, and Hyderabad Allwyn Ltd., have been closed down. Workers are being laid off in companies like the Bharat Heavy Electrical Ltd (BHEL) and the electrics corporation of India Ltd (HCL).
After agriculture, handcrafts provide the largest employment in India. But without support, this industry cannot make any efforts in Modernization. Unable to complete, handicrafts industry is facing a serious challenge. Caught in a debt and poverty trap, many artisans and handloom wears have also committed failure.
In the field of information technology (IT), Andhra Pradesh has made great strides. About 23% of software technologists in America are from our state. Multinational companies in the industry have their offices here. In the field of medicine and now even agriculture, many industries are setting up their shop in our state.
Foreign investments-gaining ground
After liberalization, foreign investors are allowed to produce almost any product they want on our soil. Licenses and quotas have been abolished. Most of the investments are in infrastructure and telecommunications. Investment in manufacturing has reduced. Small scale food processing factories are bringing bought over by multinationals. Small business, factories, and those dependent on them are gradually being out of their traditional role. The voluntary retirement that big industries notice on their employs has destroyed employment opportunities in the organized sector. As import driven industries cut employment, the mechanization and modernization of local industries has further reduced employment opportunities. These industries rely on skilled labor. Unorganized and migrant workers have no place in them. The disparity between incomes continues to grow.
Any product bought for its quality and price. In the era of globalization, our products even in our national markets will have to compete with products from the sophisticated world markets.
The future
In this way, all things from books to toys are subject to quality, price, market forces and foreign competition. Indian industry now to match their foreign counterparts in quality and presentation it appears as though not only small scale but also larger industries are losing control over the markets. Except in information Technology (IT) sector, there is no growth in employment. It appears that after banking and insurance, it will soon be the turn of other large industries along with all small business, to go into the hands of foreign capital. Unemployment will increase and the results are economic distress for our people. In an attempt to cut costs, the axe falls first on pollution-control measures. We will lose our natural resources and as a result, the environment will get further polluted just think about that!
First village in Andhra Pradesh without synthetic chemical pesticides
Punkullu o Khammam district is the first village in our country hat is free of synthetic chemical pesticides. Haw this happened is a story in self. Many farmers in the region could not the pests even after using synthetic chemical pesticides and fell into a debt trap. Several others face difficulty when the crops failed. Under these circumstances, the village Panchyat decided to ban synthetic chemical pesticides and impose fines on farmers using them. Now the farmers began to depend less on synthetic chemical pesticides and more on bio-pesticides synthetic chemical pesticides are very expensive. Besides, not only were farmers using these synthetic chemicals to kill pests, they were also destroying their own health by being exposed to it. All that changed for the good when they turned to an eco- friendly method in agriculture.
The some farmers here made a decoction of Neem, tobacco, chill juice, garlic, cow dung and cow urine to destroy the pests. This has improved the health of both human beings and animals, according to the farmers in Punkullu. With very little investment, they are reaping rich rewards now.