Two Aspects Of Technological And Capital Intensive Projects

By Author: pat margraph
Total Articles: 179
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We know the word LPG. It does not mean the liquefied petroleum gas. It has bigger and wider meaning in the present economic scenario. Liberalization, privatization and globalization are the hidden words in it. Internationalization is successful and easy meaning of it. This is saying open ones’ country’s economy to flow foreign investment, import and export etc. The multinational bodies will come and establish themselves to do business widely. Capital intensive projects imply such steps of the giant corporations. It means a development work. It flows foreign capital and holds the control over management. The sources of FDI are occurred in this way.


In developing countries such kind of plan and projects are ongoing. The multinationals are coming and setting up big industries. It is a step to be a powerful country for such host inviting country. India is in such list. Central ministry has given nod to many such entities to flow foreign capital setting up big industries charging the economy to upward. There are many instances of such that in mining, real estate, development, agriculture etc. it has both favorable ...
... and unfavorable consequences.


When the corporate giants get interested and signs memorandum to set up their wings in a country it is definitely a positive sign to increase the GDP of such nation. The technological updation is also become necessary. Investment in multiple sectors is also increased. The big project emerge as big technological and research based work. It creates job opportunity and development in the particular regions. The overall things creates platform to invite more chances to bring another big or medium enterprises in. modern machines are included to speed up the project. In mining, chemical industry usage of powerful machines like mag drive pumps have been rapidly developed and increased. In agricultural sector the modern fueled machines are performing multiple tasks. Water management, chemical flowing, automobile industries are flourishing. Power sector, infrastructures are unable to go ahead without mechanical diaphragm pumps or such kind of accessories. Future business plan in manufacturing, mining, construction job thus got a new height by such foreign flow of knowledge money.


Had everything been positive by such development, it would have been really a world for all. But the present scenario is different and dull of discrepancy. The negative aspects of such project are also enormous comparatively by its positive sides. Firstly, there is displacement of local people. In dam making, mining project the lots of examples are there. Pollution is another deadly consequence. The destruction of forests, river, soil are going rampantly. Vedanta project are big instances. The privatization is snatching the natural right of human being from their land, water, minerals and forests. The natural things are going in private hand to make only profit at any cost. The worldwide protest and movement against privatization and globalization has shown that.
Technology is for mankind’s benefit. It should not be narrowed at any cost. Machines are for making job easy not for displacement and pollution. If we dedicate our thought towards welfare hopefully changes will benefit real solution towards benefits of globalization.