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

Zakir Naik tumult, Catholic Church power abuse: will Anwar Ibrahim save Malaysia?

Anwar Ibrahim By Jay Ihsan*  Anwar Ibrahim, a hardcore reformist who took a punch to his eye in 1998 from then inspector-general of police, Rahim Noor, has finally been given the mandate by Malaysians to serve as the nation's 10th prime minister. Anwar knows too well the burden of staying true to both trust and faith the people have in him requires every once of commitment and dedication. The question is will he be apologetic for his transgressions enroute to "rebuilding" Malaysia? In his overzealousness to get the job done, Anwar, 75, needs to safeguard every bit of gumption to address prickling issues plaguing the safety of the nation especially those involving communal sensitivities. For one, dare Anwar get rid of terrorist hate preacher and fugitive Zakir Naik for inciting religious unrest in Malaysia? In November 2016, India’s counter-terrorism agency filed an official complaint against Naik, holding him responsible for promoting religious hatred and unlawful activi

Although sporting genius, Wasim Akram was mascot of cricket globalisation era

By Harsh Thakor*  Since Independence India and Pakistan produced a galaxy of cricketing stars that permeated cricketing artistry of legendary heights. Amongst this bunch.Wasim Akram manifested pure cricketing genius to the greatest height.I speculate how India’s fortunes would have changed had partition not taken place and Wasim playing for India. Wasim Akram explored realms untranscended in bowling wizardry, like a painter devising new art forms or a scientist experimenting. He simply re-defined the art of reverse swing, reversing the ball in and out. There were bowlers quicker, more accurate and with better records, but none equalled Wasim in an all-round package. He was more lethal with a new and old ball than any fast bowler ever. Wasim could produce balls that were surreal, with his reverse swing, defying laws of bio mechanics He was simply the epitome of versatility, possessing a repertoire of six different deliveries within an over itself, disguising deliveries in the manner of

Galileo-Catholic church affair: must history repeat at Malaysia’s St Francis Xavier church?

By Jay Ihsan*  Christianity is the enemy of liberation and civilization -August Bebel Christianity taught men that love is worth more than intelligence -Jacques Maritain Real Christianity can be summed up in two commands: Love God and love people. - Joyce Meyer Pious XI was too neutral to mention the gas chambers; decent people like my own family were turned into devils by crude Christianity - Lionel Blue Religious doctrines cannot escape the liberty of thoughts and expression. To each their own, so it is said. From all things nice to all things that make one cringe - religion is polarised and in this regard, Christianity has over time faced the wrath of bigotry espoused by those "bequeathed" to protect it. Take Pope Francis for example. He had a secret meeting with giant pharma Pfizer chief executive officer Albert Bourla last year while the world struggled to make sense of the word "lockdown" and suffer adverse effects of the Corona virus vaccines produced by Pfiz

Qatar World Cup has a strong Bangladesh connection: stadium construction, t-shirts

By Mashrur Siddique Bhuiyan*  The FIFA World Cup fever has unquestionably cut through the minds of mass people all over the world. Stadiums in Qatar are buzzing with football fans and athletes representing their countries at the “Greatest Show on Earth". The magic of the FIFA World Cup is so enormous that even being unable to participate does not matter much to the fans who support different nations. This is one of the highest viewed events in the world, with the 2018 event viewed by about 3.6 billion people worldwide. But this crowd is not aware of the contribution of migrant workers who helped build the very stadiums where the matches are playing in. Qatar won the bid in 2010 to host the FIFA World Cup 2022, which got the oxymoron of celebration and controversy. This also created the potential for Qatar to Showcase its monumental economic achievements and unique culture on the global stage. The motto for Qatar’s bid team in 2010 was ‘Expect Amazing’ and migrant workers across th

Floods: As ax falls on most vulnerable, Pak seeks debt cancellation, climate justice

By Tanupriya Singh  Even as the floodwaters have receded, the people of Pakistan are still trying to grapple with the death and devastation the floods have left in their wake. The floods that swept across the country between June and September have killed more than 1,700 people, injured more than 12,800, and displaced millions as of November 18. The scale of the destruction in Pakistan was still making itself apparent as the world headed to the United Nations climate conference COP27 in Sharm el-Sheikh, Egypt, in November.  Pakistan was one of two countries invited to co-chair the summit. It also served as chair of the Group of 77 (G77) and China for 2022, playing a critical role in ensuring that the establishment of a loss and damage fund was finally on the summit’s agenda, after decades of resistance by the Global North. “The dystopia has already come to our doorstep,” Pakistan’s Minister for Climate Change Sherry Rehman told Reuters. By the first week of September, pleas for h

A classic, 'Gandhi' ignores merciless cruelty unleashed on militant freedom fighters

By Harsh Thakor  The movie ‘Gandhi’ produced by Richard Attenborough, which was released 40 years ago on November 30th, 1982, was classic in it's own right. Ironical that it took an Englishman to embark upon the making of a film on this legendary figure. I can't visualize a better pictorial portrayal of Gandhi's life or an actor getting in the skin of the character an exuding the mannerisms as actor Ben Kingsley. Episodes are crafted and grafted surgically, illustrating how Gandhi wove fragmented bits into a cohesive force, to confront he British empire. Most boldly the movie unfolds how British colonialism subjugated the Indian people to barbaric cruelty. With great mastery the cinematography captures the vast Indian landscapes and essence of livelihood of Indians under colonial rule. The movie most illustratively shows the crystallisation of anti-colonial fervour from the embryonic stage and how it fermented into an integrated movement. In a most subtle manner it illustr

Implementing misleading govt order to pollute Hyderabad's 100 year old reservoirs

Senior activists* represent to the Telangana Governor on GO Ms 69 dated 12.4.2022 issued by the Municipal Administration and Urban Development (MA&UD), Government of Telangana: ‘...restrictions imposed under para 3 of said GO Ms 111 dated 8.3.1996 are removed...’: *** Ref: GO Ms 111 dated 8.3.1996: ‘To prohibit polluting industries, major hotels, residential colonies or other establishments that generate pollution in the catchment of the lakes upto 10kms from full tank level as per list in Annexure-I...’ We come to your office with grievance that GO Ms 69 dated 12.4.2022 issued by Government of Telangana not only contains false information issued ‘By Order and in the name of the Governor of Telangana’ , without any scientific or expert reports, but also that implementation of the said GO is detrimental and can be catastrophic to the Hyderabad city as two 100 year old reservoirs Osman Sagar and Himayath Sagar were constructed as dams on river Moosa and river Esa, with the first and

Bangladesh's ties with Myanmar, Nepal, China need connectivity with India's NE states

By Samara Ashrat*  On 26th November, India's External Affairs Minister S Jaishankar said that India is trying to improve trade and connectivity with Bangladesh and Myanmar on his two-day visit to India's Northeast region. He emphasized the importance of linking Northeastern India to the rest of the nation and reiterated Delhi is working to improve connectivity and infrastructure in the region. By taking the G20 presidency India will try to showcase the true spirit of the Northeast to the world, with its tourism benefits. But, the umbilical cord between the Indian mainland and North Eastern Region is Chicken's Neck or Siliguri corridor which brings Bangladesh into the Indian equation of northeastern development. Not only that, Bangladesh has very close relations with West Bengal, Assam, Meghalaya, and Tripura in terms of language, culture, and history. These factors make Bangladesh an inextricable element of the development of the northeastern states. Tourism Sector and Con

25 years of CHT peace accord: A glorious chapter of conflict resolution in Bangladesh

By Kamal Uddin Mazumder*  Conflicts between the Bangladesh army and Shanti Bahini persisted in the Chittagong Hill Tracts for more than two decades. On December 2, 1997, Parbatya Chattagram Jana Samhati Samiti (PCJSS) and the Bangladeshi government signed the CHT Accord, putting an end to the violent armed conflict and improving the life of a lot of the people there. It has been made possible through just seven meetings under the worthy leadership of Sheikh Hasina. The historic peace agreement created an atmosphere of peace in the mountainous region. An atmosphere of peace has been established by ending the armed conflict. The geographical features and ethnic diversity of Chittagong Hill Tracts (CHT) are distinctive. The 13,184 square kilometer territory is bordered by Myanmar and the Indian state of Mizoram on the East and Tripura on the North. With its 1.6 million people, it entails great importance to Bangladesh for its geopolitical location. Due to the conflict-prone Northeast Indi

Film on evidence of viability of in situ communitarian urban water management

By Rahul Banerjee  Over the past few years it has become increasingly clear that centralised urban water management in India is in deep crisis. Water supply is both inadequate and extremely costly, water harvesting and recharging and used water treatment and reuse are mostly absent and storm water management is a disaster. Under the circumstances, the only viable solution is communitarian in situ water management and this is what has been proposed in the latest guidelines of both the Atal Mission for Rejuvenation and Urban Transformation and the Swacch Bharat Mission. Our NGO, Mahila Jagat Lihaaz Samiti , has not only implemented communitarian in situ water management but has also carried out research to provide evidence of the unviability of centralised water management and the suitability of the former. Here is a film based on a detailed research that I did on urban water management in Chhattisgarh for the National Institute of Urban Affairs, New Delhi, that succinctly critiques cen