Productivity from Technological Upgradation: A Case Study

By : Mohit Kumar Kolay

Page No: 184-191

Abstract
This paper is based on an iron and steel plant that has been modernizing its plant facilities and services over the years. Technological upgradation has been measured here by the inflation adjusted net block in plant and infrastructures. The level of productivity has been assessed using performance in four broad areas, namely, quantity of output, quality of output, cost effectiveness, and productivity of scarce natural and national resources in relation to the level of technological upgradation. This study has been conducted over five decades from 1960- 61 to 2013-14. In spite of a steady increase in sales and profits, productivity in all areas has been exponentially going down, contrary to exponential enrichment in its technology base over the entire study period.

Author :
Mohit Kumar Kolay : 10 years of experience in the corporate sector followed by 32 years in teaching and research with NITIE, Bombay, ASCI, Hyderabad, & IIT, Kharagpur and overseas (Kulala Lumpur, South Pacific, Germany, & Gulf Region).