The concept of industry in India has a very short history, dating back to the early 20th century. It is only in the post-British period that industry has seen the light of day. The government has encouraged industries, big and small, public and private, to develop the country. The new legislation coming into force in the very recent past is bound to give a dramatic boost to the process of industrialization. Old concepts and ideas will be replaced by modern, radical, and fast-paced ones. Newer methods of production and better quality standards will be the order of the day. Industries that lag behind may be allowed to sink rather than pumped with precious resources. Similarly, the people employed in the industries will also have a very demanding period. Is the industry prepared to meet the oncoming challenge? Are the people prepared for the onslaught? Where do they stand? What does it take to cope? Who is responsible? What are the shortfalls? These and many more questions come to one’s mind when one sees the revolution that is sweeping the Indian industrial scene. Gone are the days when one could sit back and watch the world go by. The "Timelessness" of Indian philosophy does not appear to be valid in the Indian industry.

If the output of the industries is to be of a high order, the input has to be thoroughly scrutinized. The various inputs to the industry can be broadly classified into "tangibles" and "intangibles." Obviously, tangibles are those that are apparent and measurable. It is with the intangibles that one runs into a problem. To begin with, it is not apparent or measurable. Secondly, their influence on the output is also very difficult to gauge. Given this situation, one naturally tends to neglect this very important area, which will only become known over a long period of time, when it may be too late to take any corrective action. It leads one to assume that past neglect may be one of the main reasons for the present state of affairs in the industry. Among the various intangibles that affect industry and human beings, the environment is one of them. There is an old adage which says that the environment can make a man or break him. Hence, its importance need not be overstressed. A man spends a major chunk of his productive time at work, either going to the place or coming back, or in the workplace itself. This place plays an important role in moulding his mental attitude. This psychological aspect of one’s life is one of the main intangible inputs to the industry. An attempt has been made to portray this important environmental dimension.