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dated March 19, 1955: New refinery

"This refinery is a significant contribution to the industrialisation of our country," said the Vice-President, Dr. S. Radhakrishnan, while declaring open the two million ton new refinery constructed by Burmah-Shell Oil Company in Trombay, ten miles north-east of Bombay, on March 17. Over a thousand guests attended the function. "May today be a great day of dedication to the welfare of the Indian people," said the Vice President and pressed an electric button when the whole installation was brilliantly lit with multi-coloured lamps. He said India had adopted a way of organising economic life where the traditions of the past are adjusted to the rights of the future. India's chief objective of raising the living standards of her people was obligatory, but the way to achieve it was optional. "We are not inhibited by purely doctrinaire considerations. So long as private enterprise functions with honesty of purpose and a sense of social justice and contributes to a rapid improvement of the living conditions of the common man and larger employment, it will have full scope. Democracy must get rid of the contrasts between irresponsible wealth and abysmal poverty if it were to save itself.'' Dr. Radhakrishnan said the refinery was an "expression of the great task in which this country, vast, poor and industrially backward, is now engaged. Since the attainment of Independence, our problems have become more economic than political. Freedom was won with the hope of making fuller and richer the lives of the humble and ordinary people who make the Indian nation. It is said that power corrupts. It is forgotten that poverty corrupts to a larger extent. If power may corrupt a few men at the top, poverty corrupts the lives of millions."

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