Skip to main content

Critics of Ambani and Adani seem to be more charitable towards Tata and Birla groups

By NS Venkataraman*  

The news that Ambani and Adani have emerged as amongst the top rich persons in the world have provoked derisive laughter amongst some political and leftist groups in India. The rapid rise of Ambani and Adani as wealthy industrialists have been mischievously interpreted as an example of widening the gap between rich and poor in India. To add insult to the injury, it is also freely said by the antagonists that Ambani and Adani could become so rich only due to the patronage that they received from the Government of India and from some state governments.
What is conspicuous is that none of the critics of Ambani and Adani have recognised their business initiatives, dynamic management approach, capability to identify appropriate investment opportunities, implement their project plans efficiently in time bound manner , competently operating the completed projects and finally their capability to take on international competitors in India and globally.
Ambani and Adani group have invested thousands of crores of rupees in various fields including petrochemical, oil and gas exploration, coal mining, renewable energy, infrastructure projects as well as information technology and communication such as 5G and so on.
Both these dynamic entrepreneurs have created thousands of jobs at various levels directly and indirectly all over India and their contribution to the overall industrial and economic growth of the country are significant and praiseworthy.
What is particularly noteworthy is that the industrial groups led by Ambani and Adani have started their activities from scratch and have reached the present level by sheer perseverance. They are not known to have exploited labour and the satisfaction level of those working in their group companies seem to be high or moderate. Thousands of shareholders in these companies, with a considerable number of them belonging to the middle income group, have been benefited . Further, Ambani and Adani group companies have not defaulted in repayment of debt as per the schedule , inspite of their large level of operations and financial institutions too have benefited.
Of course, there is a difference between Tata group and Birla group on one side and Ambani and Adani group on the other side. The real difference is in the rate and speed of growth.
Whether it is the case of Tata, Birla, Adani or Ambani, there have been incidents of failure of some of their projects but none of them have been distracted by such failures. This certainly indicates their confidence in their capability and decision taking acumen, which have benefited the country’s growth immensely.
What is particularly surprising is that while the critics of Ambani and Adani are so severe in criticising them and questioning them, they seem to be much more charitable in viewing the activities and progress of Tata group and Birla group.
To explain this, can we say that Tata group and Birla group have been much more “humble” and less demonstrative, compared to Ambani and Adani group?
The accusation that the wealth of Ambani and Adani reflect the glaring inequality between the rich and the poor in the country is absolutely baseless and motivated. Everyone in India has the liberty to pursue their dreams and involve themselves in starting and running their ventures. Many rich industrial groups have been founded by persons from scratch with little income and even with little supportive strength. Why do critics ignore this fact about Ambani or Adani?
There is considerable evidence that the inequality in income and opportunities between citizens in India are steadily coming down . In such circumstances, the expectations and hopes from people belonging to lower income group are rising which is a healthy sign. Various welfare measures introduced and implemented by central and state governments to support the people in the lower income group are yielding results. All that is required is that the critics have to keep their eyes open to see such improving ground realities and refrain from denouncing the hard working project promoters , who contribute to industrial and economic growth of the country.
To alleviate poverty, wealth generation is absolutely necessary and in a developing country like India, the task of wealth generation has to be accelerated as much as possible. When such wealth generation takes place, many people in different walks of life and living in different economic strata have a role in such a wealth generation process and therefore would be beneficiary of the wealth generation process. The benefits do not go only to the initiator of the projects and wealth generation process.
Such wealth generation is possible only by setting up more industrial and commercial ventures as well as projects in the services sector. For such objectives, initiatives from individuals are much needed and Ambani and Adani are certainly showing the way.
---
*Trustee, Nandini Voice For The Deprived

Comments

TRENDING

देशव्यापी ग्रामीण भारत बंध में उतरे मध्य प्रदेश के आदिवासी, किया केंद्र सरकार का विरोध

- हरसिंग जमरे, भिखला सोलंकी, रतन अलावे*  15 और 16 फरवरी को निमाड के बड़वानी, खरगोन और बुरहानपुर में जागृत आदिवासी दलित संगठन के नेतृत्व में आदिवासी महिला-पुरुषों ग्रामीण भारत बंद में रैली एवं विरोध प्रदर्शन किया । प्रधान मंत्री द्वारा 2014 में फसलों की लागत का डेढ़ गुना भाव देने का वादा किया गया था, 2016 में किसानों की आय दुगना करने का वादा किया गया था । आज, फसलों का दाम नहीं बढ़ रहा है, लेकिन खेती में खर्च बढ़ता जा रहा है! खाद, बीज और दवाइयों का दाम, तीन-चार गुना बढ़ चुका है! किसानों को लागत का डेढ़ गुना भाव देने के बजाए, खेती को कंपनियों के हवाले करने के लिए 3 काले कृषि कानून लाए गए । 3 काले कानून वापस लेते समय प्रधान मंत्री ने फिर वादा किया था कि फसलों की लागत का डेढ़ गुना भाव की कानूनी गारंटी के लिए कानून बनाएँगे, लेकिन वो भी झूठ निकला! आज जब देश के किसान दिल्ली में आपको अपना वादा याद दिलाने आए है, तब आप उनका रास्ता रोक रहें है, उनके साथ मारपीट कर उन पर आँसू गैस फेंक रहें हैं, उन पर छर्रों से फायरिंग कर रहें है! देश को खिलाने वाला किसान खुद भूखा रहे, क्या यही विकास है?

Only 15% businesses provide employees real-time sustainability dashboards: Study

Kyndryl in collaboration with Microsoft has released the findings of The Global Sustainability Barometer study. The study, conducted by Ecosystm, finds that while 85% of organizations place a high strategic level of importance on achieving their sustainability goals, only 16% have integrated sustainability into their strategies and data. A Kyndryl note: *** Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, in collaboration with Microsoft , today released the findings of The Global Sustainability Barometer study. The study, conducted by Ecosystm , finds that while 85% of organizations place a high strategic level of importance on achieving their sustainability goals, only 16% have integrated sustainability into their strategies and data.

Tamil Nadu brahmins are at cross roads, their future scenario remains uncertain

By NS Venkataraman*  For over 70 years now, brahmin community in Tamil Nadu have been abused, insulted and even physically attacked on some occasions by those who claimed that they were part of the so called dravidian movement. However, brahmin community silently and helplessly ducked under pressure and showed no signs of resistance or fight back.

How the slogan Jai Bhim gained momentum as movement of popularity and revolution

By Dr Kapilendra Das*  India is an incomprehensible plural country loaded with diversities of religions, castes, cultures, languages, dialects, tribes, societies, costumes, etc. The Indians have good manners/etiquette (decent social conduct, gesture, courtesy, politeness) that build healthy relationships and take them ahead to life. In many parts of India, in many situations, and on formal occasions, it is common for people of India to express and exchange respect, greetings, and salutation for which we people usually use words and phrases like- Namaskar, Namaste, Pranam, Ram Ram, Jai Ram ji, Jai Sriram, Good morning, shubha sakal, Radhe Radhe, Jai Bajarangabali, Jai Gopal, Jai Jai, Supravat, Good night, Shuvaratri, Jai Bhole, Salaam walekam, Walekam salaam, Radhaswami, Namo Buddhaya, Jai Bhim, Hello, and so on.

नफरती बातें: मुसलमानों में असुरक्षा का भाव बढ़ रहा है, वे अपने मोहल्लों में सिमट रहे हैं

- राम पुनियानी*  भारत पर पिछले 10 सालों से हिन्दू राष्ट्रवादी भारतीय जनता पार्टी (भाजपा) राज कर रही है. भाजपा आरएसएस परिवार की सदस्य है और आरएसएस का लक्ष्य है हिन्दू राष्ट्र का निर्माण. आरएसएस से जुड़ी सैंकड़ों संस्थाएँ हैं. उसके लाखों, बल्कि शायद, करोड़ों स्वयंसेवक हैं. इसके अलावा कई हजार वरिष्ठ कार्यकर्ता हैं जिन्हें प्रचारक कहा जाता है. भाजपा के सत्ता में आने के बाद से आरएसएस दुगनी गति से हिन्दू राष्ट्र के निर्माण के अपने एजेण्डे को पूरा करने में जुट गया है. यदि भाजपा को चुनावों में लगातार सफलता हासिल हो रही है तो उसका कारण है देश में साम्प्रदायिकता और साम्प्रदायिक मुद्दों का बढ़ता बोलबाला. इनमें से कुछ हैं राम मंदिर, गौमांस और गोवध एवं लव जिहाद. 

Birth of New Communist Party ushers in new epoch in Canada's Left history

By Harsh Thakor  On January 31, 2024, history was made with the formation of the (New) Communist Party of Canada (the (N)CPC), the successful completion of its Founding Congress, and the public release of its Political Program. A most sporadic development in turning course of Communist movement locally, and worldwide. It also pits a challenge to dogmatism or mechanical approach and stagnation. taps the revolutionary creativity of the masses and is major re-orientation towards shaping revolutionary class struggles and  the massline.

Ethiopian ruling classes, political masters in West have their hands soaked in blood

By Harsh Thakor  Over two hundred were killed in recent weeks in Ethiopia’s Oromia and Amhara region. After peace-talks between the Oromo Liberation Army and the Ethiopian government did not materialise tensions are escalating in the Oromia region. Earlier, on November 22, least 25 civilians were massacred in a government aerial drone strike, in Chawaka districts of the Buno Bedelle zone. This incident took place only two days after a fierce battle arose between the OLA and governmental troops in the Sulula Fincha district of the Horro Guduru Wollega zone.

Landslide early warning system: Odisha Govt, Amrita Vishwa Vidyapeetham collaborate

By Divya Saini  In a strategic move to mitigate the impact of landslides during storms, the Odisha government in collaboration with Amrita Vishwa Vidyapeetham is gearing up to establish a user-friendly Landslide Early Warning System (EWS) in Gajapati district. This initiative aims to provide advanced information, especially regarding landslides caused by disturbances in the natural stability of a slope.

Violent incidents in Haldwani: CPDRS on dubious role of Uttarakhand government

By DN Rath  Center for Democratic Rights and Secularism (CPDRS) unequivocally condemns the dubious role of Uttarakhand Government and its administration in the incidents that happened in Haldwani of Nanital district of the state.

A third view of Islamic paradox: Can Muslim unity defeat Zionist evil regime’s injustice?

By Chandra Vikash*  Could India, as a mirror to the ethno-federal One State solution, play a key role in resolving the Palestinian genocide crisis, that has emerged in the global consciousness as a focal point for injustice of centuries-old settler-colonialism project that continues to spread its hydra-headed tentacles through globalisation of this Old World Order?