Problems of Industrialization Mysore -1914 -1918

Abstract

During the First World War period, despite the best efforts by the Government of Mysore it was difficult to start and run many industries which required large -scale import of machineries. The First World War had broken the regular commercial traffic between Europe, the Mediterranean and India. On the one hand, the state escaped from the reckless floatation of companies that characterized the boom that followed the war, but some capital was invested in shares in outside companies. However as far as the investment in the new industries was concerned, capital was certainly shy in Mysore during the warperiod1. This situation continued even in the early twenties. Even during 1921-22, business conditions continued to be unfavorable throughout the year. Heavy losses were sustained by per-sons engaged in the business of piece-goods, timber, hides and skins and to a certain extent in food grains.