ICI in India
Sir: May I draw attention to an error in Kuldip Napes article, India Estranged, in your edition of 10 October.
He contrasts the British Govern- ment's attitude on preferential treatment for Indian textiles with `the exceptionally high dividends the British investors have received from the ict plant at Kanpur'.
The plant to which he refers is presumably the ammonia/urea pro- ject of Indian Explosives Limited, a company in which to holds 51 per cent of the equity, the balance being in the hands of the Govern- ment of India, the Indian public and the IFC, Washington.
This plant was formally opened by the Indian Prime Minister on 6 December 1969 and commission- ing was completed in the first quarter of this year. Not sur- prisingly, the plant having been in operation for only a few months, there have to date been neither profits nor dividends from this investment.
Cyril Pitts Imperial Chemical House, Mill- bank, London swl
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