A few days back, I had the pleasure of discussing with one of the top Gujarat bureaucrats, who loves to remain faceless, in detail, about one of the most controversial acquisitions Gujarat government has been trying to clinch – gas network of Gujarat Gas Co Ltd, a subsidiary of the top MNC, British Gas, operating in south Gujarat. With a net worth of around Rs 4,500 crore, Gujarat Gas supplies around 3 million standard cubic meters per day of gas to lakhs of households and enterprises in and around three cities, Surat, Ankaleshwar and Bharuch. Known for his expertise in finance, I asked this bureaucrat pointblank: “Why do you at all want to acquire Gujarat Gas? Don’t you think that you are moving away from the established norm of what many believe should be an ideal state policy – of shedding economic activity and concentrate, instead, on social sector, in which Gujarat still lags? Why not, instead, allow a private player to clinch the deal?” The acquisition move had already become con...
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