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Chief Guest Speech

Some Glimpses

Seminar on

Industrial Development and Economic Policy Issues

Organised in

Honour of Professor S K Goyal

June 27-28, 2008

Professor S.K. Goyal, the founder Director of Institute for Studies in Industrial Development (ISID) has been one of the foremost economic policy analysts of his time. He played an important role in the formulation of the industrial policy of India at a momentous juncture. His research has been in the framework of national economic planning and policy and has included wide-ranging issues such as public sector, banking, small enterprises, monopolies, foreign investments and corporate affairs, in particular, and the process of economic liberalization, in general. The Institute has decided to commemorate Professor Goyal’s contribution to research and institution building by way of holding a two day Seminar on the occasion of his 75th birth anniversary.

In the earlier phase of his illustrious career, Prof. Goyal interacted closely with the policy makers and was associated with a number of official committees and advisory bodies. In 1967, he was appointed as the Honorary Economic Adviser to the Industrial Licensing Policy Inquiry Committee (ILPIC) and played a major role in producing its Report, the only one of its kind. Professor Goyal together with others produced a study, “Banking Institutions and Indian Economy: A Critical Review”, which provided a basis for nationalization of fourteen private commercial banks in 1969. Amongst the many other key positions in the government that he subsequently held was that of Honorary Chairman, Research Advisory Committee, Planning Commission.

Professor Goyal played a lead role in encouraging industrial policy research in the country in the areas of the large Indian corporate sector, monopolies, multinational corporations (MNCs) and concentration of economic power. Particularly noteworthy in this regard is the establishment by him of the Corporate Studies Group (CSG), a group of young scholars at the IIPA which carried forward this new thrust in industrial policy research in India, and contributed to the building of an extensive computerized database.

The Institute for Studies in Industrial Development (ISID) is the culmination of the efforts that began with the Corporate Studies Group. Professor Goyal has been the moving spirit behind the Institute’s journey from its humble beginnings in 1986 to its present position where the Institute possesses a sprawling campus with excellent infrastructure. The Institute has also developed under Prof. Goyal’s guidance the Online Index of Indian Social Science Journals (OLI) and the Press Clippings Index (PCI) which have been widely used by scholars and researchers in India and abroad.

Urged by the friends and faculty, the ISID has decided to hold a two-day Seminar on Industrial Development and Economic Policy Issues on 27th and 28th June, 2008. A number of senior academics have kindly agreed to present papers covering globalization, industrial development, employment, public enterprises, small enterprises, foreign investments and corporate affairs. The proceedings of the Seminar will be published as a volume and the same will be released on 13th October, 2008, the 75th birthday of Professor Goyal.

Themes for Discussion

  • Industrial Development Issues
  • Corporate Sector & Concentration
  • Issues in Globalisation
  • International Economy & Indian Economic Development
  • Issues in Development
  • Human, Social and Political Aspects of Development

Seminar Dates & Inauguration

  • The Seminar has held on 27 & 28 June, 2008 (Friday and Saturday)
  • Shri I.K. Gujral, former Prime Minister of India has inaugurated the Seminar on 27th June, 2008 at 10.30 AM


ISID Conference Hall
4, Institutional Area
Vasant Kunj
New Delhi – 110 070

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