Sir, I rise to support the motion which has been moved by my friend. As he has pointed out, oil is a very important element in the industrial development of any country today and especially those countries which are in the process of development have found that if they were to base their industries securely on oil, the whole development is fairly quick and that it is possible for them to get good returns in a short time. So, while fully agreeing and even emphasising the need for the nationalisation of oil industries in all its aspects in India. I am afraid that because of the past mistake of the Government of India even if we were to pass this resolution today, it will not be effective in one of the most crucial sectors of the oil industry, namely, the oil refineries. When agreements were entered into by the Government of India with the oil refineries, many of us pointed out that these were iniquitous agreements and they will work against the interests of this country. At that time, our voice was not heeded and it was said from the side of the Government that they had done all that they could to protect the interests of the country and that the agreements marked a further stage of development in our economy. Then, Sir, there is the question of distribution. We have got the Indian oil corporation which is now undertaking more and more the distribution of the products which are coming from East European countries and from Soviet Russia. They were basking in the glory of India Shining. Remember, they were taught an appropriate lesson. If you also bask in the glory of seven to eight per cent growth rate, you also will not come back. They are not coming back anyway. The third force will be coming to power, of course with the support of some of your partners, and that will lead the country. The third force will provide real relief to the suffering masses. All of us know that our primary sector provides employment to 64 percent of the country's total workforce. All the Hon'ble Members would agree with me that rural prosperity.
