AMBANI--ADANI

© Sarasij Majumder

Left Cabal, and Opposition often raise two questions as listed below:-

1.0 IS MODI  SELLING INDIA TO ADANI & AMBANI--- (??)

2.0 AMBANI-ADANI WILL NOT REPAY BANK LOAN, AND INDIAN ECONOMY WILL SINK. (??)

THE ANSWER TO ABOVE IS: NO. 

Let us review with facts:-

Take the example of Adani. The coal he mines in Indonesia and Australia, is brought to India through his ports. That coal is burned in his power plants which then supply electricity to households. He also supplies cooking gas, which is then used to cook food using  cooking oil he sells. The new houses built will now use his cement and drainage systems will use his processing plants to recycle water. When you fly out of your state you will be using his airport infrastructure and expressways built by him to travel.

Vijay Mallya went bankrupt because he thought Kingfisher would bring him profits. He sold airline tickets to a few handfuls of Indians. Nirav Modi failed because he thought he could create a brand like Tiffany & co. and would sell diamonds to people. They  both gambled on public money, LOST, AND BECAME FUGITIVE .

Adani is not selling diamonds, airline tickets to some luxury item buyers. He is building roads, ports, selling cement, gas, cooking oil, data centres, electricity. His stock may go down in value occasionally. Sometimes, he may not be in top 10 richest people, but he is on the path to become one in long run.

This is true for all BIG BUSINESS HOUSES mentioned, or not mentioned in question. Adani got infrastructure, Ambani got oil and Telecom. Mahindra got cars. Tatas also has Car, steel, chemical etc. Bajaj has got scooters and insurance. Every big player I mentioned has been given green light by the government. It is the way to development, whether one like it or not. No Business company wants to step on each other's toes. Thats what a good business house does.

The immediate problem of India is not monopoly. India’s basic needs are electricity, water and roads. We solved food, and clothes. We have to remove poverty. We can worry about monopoly later.

We don’t stop constructing our house if the hardware store doesn't have our favourite item. Our worry about it comes later. This is democracy. No leader would worry about monopoly until it becomes a problem specially with 5-year election cycle.

Also, for people who scream about debt and bank loan, they know nothing about BUSINESS, AND INDUSTRY.  Industrialists borrow money to scale up their  business. Pretty standard, and proven practice. Ambani did it for his refineries decades ago. Adani will have no problem paying EMI to bank on that borrowed money because people will not stop buying gas, electricity, food, Port Business,  and will not stop traveling through airports or roads.

LEFT CABALS,  OPPOSITION, and PAID MEDIA are braying for vested interests.

Be Indian, Buy Indian, Make India, Make Atmonirvor (self-sufficient) Bharat.

SOCIALISM IS A MOST SURE, AND ONE  WAY  ROAD TO DESTROY ECONOMY.

JAY HIND.

PHOTO:-Business Today.