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Fifth Five-Year Plan (1974-79)


The main stress in this plan was on rapid growth of steel plants, export-oriented articles, and goods of mass consumption. The steel plants at Salem, Vijaynagar, and Vishakhapatnam were proposed to create additional capacity. The Steel Authority oflndia (SAIL) was constituted. Moreover, drug manufacturing, oil refining, chemical fertilisers, and heavy engineering industries made steady progress.