The post-war era was a lull period for the iron and steel
industry all over the world, and the Tatas, too, were caught
in the world- wide slump. But, in the curtailed supplies of
imported steel during this period, the far- sighted Dorabji
saw India’s only opportunity to end foreign dependence
and acquire its own steel capability. Despite the escalating
costs, he convinced Charles Perin to extend his support in
his Great Extensions Programme. Dorabji dreamed of raising
the standards of living in the country by multiplying production
and lowering costs.
The plan was doomed from the very beginning and the situation
got to such an extent that a Government take over was evident.
But the trust people had on the Tatas sailed them through
in their worst phase too. Not even a single worker was retrenched
and all debts were repaid. The family forfeited its commission
as managing agents and Dorabji staked his entire personal
assets worth a crore of rupees to continue the expansion programme
and put the enterprise back on the rails.