UAE operationalises $75 billion sovereign fund for India

[Reddy]

In a major move to further boost bilateral economic ties, the United Arab Emirates (UAE) has operationalised a USD 75 billion sovereign fund for India of which USD one billion has already been transfered, the Gulf nation's envoy said.

Diplomatic sources said Prime Minister Narendra Modi is likely to visit Abu Dhabi, the capital of UAE, in February to attend a global leadership summit.

On the sovereign fund, UAE Ambassador to India Ahmed Albanna said operationalisation of the USD 75 billion sovereign fund for India reflects UAE's commitment to significantly improve trade and investment ties.

Albanna, during a media interaction, said India-UAE cooperation was moving fast in various areas including in containing terrorism and radicalisation.

"We are working closely to defeat terrorism," he said.

The envoy said UAE will soon open visa and consular services centres in Hyderabad, Chandigarh and Chennai. The UAE embassy has also launched a mobile app to help Indians living in the Gulf in dealing with visa and work related issues.

http://www.moneycontrol.com/news/bu...n-sovereign-fund-for-india-envoy-2455223.html

 

[Cpt. Rishwat]

Good to see our Arab brothers once again using their wealth to provide funds and influence over the Indian peninsula.

 

[Syed1]

UAE trying to take over India.



#CPEC logic

 

[R0H1T]

Good to see our Arab brothers once again using their wealth to provide funds and influence over the Indian peninsula.

A sovereign wealth fund isn;t what you think it is & 'tis strictly business. Think of it as a public "venture capital" fund.

 

[troodon]

UAE trying to take over India.



#CPEC logic

Our Mallu Brothers and Sisters already took over UAE decades ago. @Kayal [MENTION=140459]SandyB[/MENTION] [MENTION=113824]Nikhil_cric[/MENTION]

 

[Pakistanian]

Arabs are so charitable, donating money to India.

 

[kaayal]

3.5 million malayalis in the GCC countries are already shipping here $6.81 billion every year.

They should have started this long before considering our forefathers efforts in building today's Dubai.

 

[Yossarian]

3.5 million malayalis in the GCC countries are already shipping here $6.81 billion every year.

They should have started this long before considering our forefathers efforts in building today's Dubai.

These Arabs really need to cement this blossoming partnership by allowing Indian nationals to obtain permanent residency status, or even citizenship, instead of having to live with the uncertainty of applying to renew their work visas every few years.

And to show that they really value this friendship, the Arabs should further allow Indian Hindus and Sikhs to build and pray in their own temples and gurdwaras. Even allowing them to hold diwali and other religious festivals in public places.

Allowing Indian nationals working in these Arab countries to marry local Arab citizens (including Arab women) would also be a step in the right direction.

Actions speak louder than mere words.

 

[Reddy]

These Arabs really need to cement this blossoming partnership by allowing Indian nationals to obtain permanent residency status, or even citizenship, instead of having to live with the uncertainty of applying to renew their work visas every few years.

And to show that they really value this friendship, the Arabs should further allow Indian Hindus and Sikhs to build and pray in their own temples and gurdwaras. Even allowing them to hold diwali and other religious festivals in public places.

Allowing Indian nationals working in these Arab countries to marry local Arab citizens (including Arab women) would also be a step in the right direction.

Actions speak louder than mere words.

UAE already has a Big Sikh Gurudwara and an old Hindu temple. Land has been allotted for building a new big, majestic Hindu Temple when Modi Ji visited UAE in 2016, construction should complete in another year.

 

[mummad]

UAE trying to take over India.



#CPEC logic

I doubt in any joint venture project India will allow 91% profit goes to UAE....cough....cough...

 

[Syed1]

I doubt in any joint venture project India will allow 91% profit goes to UAE....cough....cough...

It is for profits from the operation of the Gwadar port... the terms were the same when a Singaporean company was operating the port. This means the Chinese company will do all the hard work and the Pakistani government will get 9% for free.


Work smarter, not harder.

 

[R0H1T]

These Arabs really need to cement this blossoming partnership by allowing Indian nationals to obtain permanent residency status, or even citizenship, instead of having to live with the uncertainty of applying to renew their work visas every few years.

And to show that they really value this friendship, the Arabs should further allow Indian Hindus and Sikhs to build and pray in their own temples and gurdwaras. Even allowing them to hold diwali and other religious festivals in public places.

Allowing Indian nationals working in these Arab countries to marry local Arab citizens (including Arab women) would also be a step in the right direction.

Actions speak louder than mere words.

To be fair to the Arabs they're consistent in their (ill) treatment of Iranians, Indians, Pakistanis et al though I guess the west & the far east seems regal to them!

 

[SandyB]

Our Mallu Brothers and Sisters already took over UAE decades ago. @Kayal [MENTION=140459]SandyB[/MENTION] [MENTION=113824]Nikhil_cric[/MENTION]

Lol, that advantage was ceded post the 1st gulf war . Since the late 90s mallu's hold over UAE/Gelf has reduced. There a lot of tamilans there and telugus too . ALso majority of the Indian labourers in the Gulf are from Yogi-Land. I think among White collar workers we are still more.

We even had Arabs singing malabari songs like "Jimikki Kammal" )

 

[Cpt. Rishwat]

To be fair to the Arabs they're consistent in their (ill) treatment of Iranians, Indians, Pakistanis et al though I guess the west & the far east seems regal to them!

They are like Indians and the British Raj, they recognise their superiors and their inferiors and treat accordingly. Nothing wrong with that, it is what it is.

 

[sshakir411]

If you're to judge Indian based PE firms then I can only imagine how slow and dinosaur-esque this sovereign wealth fund will be. If the goal of this fund is to invest in India then it will make things even worse given the stringiest requirements put on foreign investors who already hate the fact they're not allowed equal investing terms in India compared to local investors and will end up staying away from deploying too much capital (as is happening right now).

In this sense, India is a lot like Canada, good enough investor base with deep pockets but absolutely terrible laws and regulations that don't allow businesses or investors to scale businesses quickly.

 

[GBK_Fan]

If you're to judge Indian based PE firms then I can only imagine how slow and dinosaur-esque this sovereign wealth fund will be. If the goal of this fund is to invest in India then it will make things even worse given the stringiest requirements put on foreign investors who already hate the fact they're not allowed equal investing terms in India compared to local investors and will end up staying away from deploying too much capital (as is happening right now).

In this sense, India is a lot like Canada, good enough investor base with deep pockets but absolutely terrible laws and regulations that don't allow businesses or investors to scale businesses quickly.

That's a whole load of generalisations without any specifics. The laws in India are archaic and they will break the back of the best of investors but it also depends on which market and sector you operate in. I have not read enough about this fund to paint it as a lost cause yet. If you have any more details please share

 

[sshakir411]

That's a whole load of generalisations without any specifics. The laws in India are archaic and they will break the back of the best of investors but it also depends on which market and sector you operate in. I have not read enough about this fund to paint it as a lost cause yet. If you have any more details please share

No need to get offended. If you know about public and private investments specifically Sovereign Wealth Funds you'll get my point. I am not painting it as a lost cause. Sovereign Wealth Funds usually deploy their capital in two ways: 1) Investing abroad like US and Europe or 2) Invest in their own country (sort of like a PE/VC fund but with a longer holding period).

If Indian Sovereign Wealth Fund plans on simply investing all it's money overseas then it's a little too late and far far behind other sovereign wealth funds and also the university endowments like Harvard, Yale, Princeton, etc who have over $200 Billion under management. Lets not even compare the size of this fund to the Chinese, Saudi, or UAE, they are in excess of $500 Billion and dominate the game of foreign investors in the US, Europe, and even Latin America now.

If the goal of this sovereign wealth fund is to invest in India...then it's making things worse for the already existing international PE/VC firms that operate in India (Not too many, btw). Foreign PE/VC funds based in India have deployed less than 50% of what they had raised due to these laws and the inability to exit your investments without government getting involved. If Indian sovereign wealth funds takes this route it will be competing directly for these investments with the foreign investment firms...and that is not a good thing.

A hybrid model is the way to go as adopted by Mubadala (of Abu Dhabi) or the Singaporean model but hard to pull off with $75 Billion. Unless they invest all of it in Africa then it's a decent amount...and not a bad idea.

 

[GBK_Fan]

I am not offended, I usually post in a jiffy so my posts may sound so.

The aim of this fund will be to invest in India and Iirc it has been created for the infrastructure projects in India. The points you make about the size of Chinese or American funds are redundant and have no relation to the operating environment for this fund. Also I will wait before I compare this with PE/VC operating in India as this one has been done with government intervention. I doubt they are looking at investing in a new tech startup. I would wait and watch given the limited information available

 

[Nikhil_cric]

Our Mallu Brothers and Sisters already took over UAE decades ago. @Kayal [MENTION=140459]SandyB[/MENTION] [MENTION=113824]Nikhil_cric[/MENTION]

UAE will soon become part of the rashtra

 

[sshakir411]

I am not offended, I usually post in a jiffy so my posts may sound so.

The aim of this fund will be to invest in India and Iirc it has been created for the infrastructure projects in India. The points you make about the size of Chinese or American funds are redundant and have no relation to the operating environment for this fund. Also I will wait before I compare this with PE/VC operating in India as this one has been done with government intervention. I doubt they are looking at investing in a new tech startup. I would wait and watch given the limited information available

I shared the size of the Chinese and US funds to give you an idea on why this fund would have a hard time investing outside of India, but since that's not the case, you're right, it has no relation to them. Thanks for clearing that out.

PE/VC firms don't strictly invest in tech startups but rather any business that has high growth and return potential. For example, Saudi Arabia's sovereign wealth fund just jointly raised over $200 billion to invest in Infrastructure with Blackstone (PE firm) around the world. Another example is KKR investing in Bharti Infratel earlier this year...if this fund didn't focus strictly on infrastructure then it would have been competing directly with other firms for a piece of Indian found businesses.

 

[GBK_Fan]

I understand where are you coming from. But I doubt this is a traditional PE and more of a strategic investment. I could be wrong though as I have not followed this closely enough

 

[Saeed]

Wow, good to see Arab bothers helping poor countries.

 

[Reddy]

If you're to judge Indian based PE firms then I can only imagine how slow and dinosaur-esque this sovereign wealth fund will be. If the goal of this fund is to invest in India then it will make things even worse given the stringiest requirements put on foreign investors who already hate the fact they're not allowed equal investing terms in India compared to local investors and will end up staying away from deploying too much capital (as is happening right now).

In this sense, India is a lot like Canada, good enough investor base with deep pockets but absolutely terrible laws and regulations that don't allow businesses or investors to scale businesses quickly.

No need to get offended. If you know about public and private investments specifically Sovereign Wealth Funds you'll get my point. I am not painting it as a lost cause. Sovereign Wealth Funds usually deploy their capital in two ways: 1) Investing abroad like US and Europe or 2) Invest in their own country (sort of like a PE/VC fund but with a longer holding period).

If Indian Sovereign Wealth Fund plans on simply investing all it's money overseas then it's a little too late and far far behind other sovereign wealth funds and also the university endowments like Harvard, Yale, Princeton, etc who have over $200 Billion under management. Lets not even compare the size of this fund to the Chinese, Saudi, or UAE, they are in excess of $500 Billion and dominate the game of foreign investors in the US, Europe, and even Latin America now.

If the goal of this sovereign wealth fund is to invest in India...then it's making things worse for the already existing international PE/VC firms that operate in India (Not too many, btw). Foreign PE/VC funds based in India have deployed less than 50% of what they had raised due to these laws and the inability to exit your investments without government getting involved. If Indian sovereign wealth funds takes this route it will be competing directly for these investments with the foreign investment firms...and that is not a good thing.

A hybrid model is the way to go as adopted by Mubadala (of Abu Dhabi) or the Singaporean model but hard to pull off with $75 Billion. Unless they invest all of it in Africa then it's a decent amount...and not a bad idea.

I shared the size of the Chinese and US funds to give you an idea on why this fund would have a hard time investing outside of India, but since that's not the case, you're right, it has no relation to them. Thanks for clearing that out.

PE/VC firms don't strictly invest in tech startups but rather any business that has high growth and return potential. For example, Saudi Arabia's sovereign wealth fund just jointly raised over $200 billion to invest in Infrastructure with Blackstone (PE firm) around the world. Another example is KKR investing in Bharti Infratel earlier this year...if this fund didn't focus strictly on infrastructure then it would have been competing directly with other firms for a piece of Indian found businesses.

This is not Indian Sovereign wealth fund, this is UAE sovereign wealth fund investing in India.

 

[sshakir411]

This is not Indian Sovereign wealth fund, this is UAE sovereign wealth fund investing in India.

Wow. So now roads, bridges, and tunnels in India will be owned by Arabs. Given how deep Indian investors pockets are this is kind of shocking, tbh.

 

[Reddy]

Wow. So now roads, bridges, and tunnels in India will be owned by Arabs. Given how deep Indian investors pockets are this is kind of shocking, tbh.

Arabs will not own anything, they will get ROI on their invesments just like any investment bank or fund. Infra projects have low ROI and take some time, so good to farm some of them out to Arabs who are ok with low returns for their parked up oil money and also they get to curry favour with one of their biggest oil buyers and trading partners, why do you think Modi was visiting these Arab countries?

This is both a strategic and monetary move for Arabs as they get to secure some more goodwill and partnership with India as Indian and Iranian partnerships and deals are also taking place and they don't want India to get into Iranian influence too much. India was a big buyer of Iranian oil even during sanctions and every Pakistani knows about the Indian-Iranian Chahbahar port project which has been inaugurated last week.

This is why you see UAE investing 75 Billion USD and Saudi also investing 30 Billion USD in the upcoming India's biggest refinery, they just want to have good ties with one of their largest consumers of OIL. The Arabs get ROI on their investment money and also get to make friends, India gets someone to invest in projects which are not high ROI and take some time, So neglected by local businessmen. In Short, WIN WIN for both the sides.

Good Article on WikiLeaks info on Saudi-Iran-India factors: http://indianexpress.com/article/in...wanted-to-match-iranian-influence-over-india/

 

[sshakir411]

Arabs will not own anything, they will get ROI on their invesments just like any investment bank or fund. Infra projects have low ROI and take some time, so good to farm some of them out to Arabs who are ok with low returns for their parked up oil money and also they get to curry favour with one of their biggest oil buyers and trading partners, why do you think Modi was visiting these Arab countries?

This is both a strategic and monetary move for Arabs as they get to secure some more goodwill and partnership with India as Indian and Iranian partnerships and deals are also taking place and they don't want India to get into Iranian influence too much. India was a big buyer of Iranian oil even during sanctions and every Pakistani knows about the Indian-Iranian Chahbahar port project which has been inaugurated last week.

This is why you see UAE investing 75 Billion USD and Saudi also investing 30 Billion USD in the upcoming India's biggest refinery, they just want to have good ties with one of their largest consumers of OIL. The Arabs get ROI on their investment money and also get to make friends, India gets someone to invest in projects which are not high ROI and take some time, So neglected by local businessmen. In Short, WIN WIN for both the sides.

Good Article on WikiLeaks info on Saudi-Iran-India factors: http://indianexpress.com/article/in...wanted-to-match-iranian-influence-over-india/

So UAE's fund and they won't own what the fund invests in? How is that possible?

 

[R0H1T]

So UAE's fund and they won't own what the fund invests in? How is that possible?

Something called common sense, you don't sell/lease your infrastructure to iffy nations, as SL just found out with Hambantota

In other words BOT or some other variant of PPP.

 

[sshakir411]

Something called common sense, you don't sell/lease your infrastructure to iffy nations, as SL just found out with Hambantota

In other words BOT or some other variant of PPP.

Explain. UAE owns the fund and doesn't own the investments made by that fund? Am I missing something here? Or does UAE plan on gifting it to the Indians after making all investments?

 

[Reddy]

So UAE's fund and they won't own what the fund invests in? How is that possible?

That is possible because UAE in moving money from their "UAE Sovereign wealth fund" to Indian Government's "National Infrastructure and Investment Fund". UAE will be getting ROI on their investments and they won't have to micro-manage each project or many projects, they just transfer the money to Indian Governments "National Infrastructure and Investment Fund" and be done with it.

Indian sensitivities with regards to foreign ownership of Infra is also taken care off and thus it again becomes a WIN WIN for both the parties.

 

[sshakir411]

That is possible because UAE in moving money from their "UAE Sovereign wealth fund" to Indian Government's "National Infrastructure and Investment Fund". UAE will be getting ROI on their investments and they won't have to micro-manage each project or many projects, they just transfer the money to Indian Governments "National Infrastructure and Investment Fund" and be done with it.

Indian sensitivities with regards to foreign ownership of Infra is also taken care off and thus it again becomes a WIN WIN for both the parties.

So UAE is investing $75 Billion in the Indian Fund. Making them a Limited Partner and passive investor. That makes sense...not sure why you said it was a UAE fund when in fact it is a Indian Government fund with Arab investors. Any idea which sovereign wealth fund from the UAE this is? Mubadala or ICD of Dubai?

 

[R0H1T]

Explain. UAE owns the fund and doesn't own the investments made by that fund? Am I missing something here? Or does UAE plan on gifting it to the Indians after making all investments?

They will invest in infrastructure projects, at times part of a consortium or if the project is small then they can fully invest in it i.e. the project has 100% UAE funds for development.

However as with any infrastructure project the govt of India owns that road, port, airport, train station et al, unless explicitly specified to be otherwise. Just to give you a hint the infrastructure projects lined up till 2030 or the next decade exceed a well over a trillion dollars. So the UAE money isn't even a drop in the bucket, in fact India is going to spend more on infrastructure than China in the next decade or so, partly because China already has spend the vast majority in the last few decades & it's looking for outward investments.

If you are familiar with BOT, this is the most common form of investment for infrastructure in India, this is what UAE will be doing as well, again unless specified to be something else.

 

[sshakir411]

They will invest in infrastructure projects, at times part of a consortium or if the project is small then they can fully invest in it i.e. the project has 100% UAE funds for development.

However as with any infrastructure project the govt of India owns that road, port, airport, train station et al, unless explicitly specified to be otherwise. Just to give you a hint the infrastructure projects lined up till 2030 or the next decade exceed a well over a trillion dollars. So the UAE money isn't even a drop in the bucket, in fact India is going to spend more on infrastructure than China in the next decade or so, partly because China already has spend the vast majority in the last few decades & it's looking for outward investments.

If you are familiar with BOT, this is the most common form of investment for infrastructure in India, this is what UAE will be doing as well, again unless specified to be something else.

Makes sense now. I initially understood it to be an Indian fund but then other posters said it was a UAE fund, causing confusion. UAE is just one of the investors in the fund....Indians should ask the likes of other sovereign wealth funds like the Singaporeans and Japanese to also invest.

 

[Reddy]

So UAE is investing $75 Billion in the Indian Fund. Making them a Limited Partner and passive investor. That makes sense...not sure why you said it was a UAE fund when in fact it is a Indian Government fund with Arab investors. Any idea which sovereign wealth fund from the UAE this is? Mubadala or ICD of Dubai?

Yes, UAE will get a ROI like a passive investor. Don't know the name of the UAE fund from which they are transferring, the UAE Ambassador Ahmed Albanna did not mention the name, he just said we have already transferred a Billion dollars and that this reflects UAE's commitment to significantly improve trade and investment ties.

 

[R0H1T]

Makes sense now. I initially understood it to be an Indian fund but then other posters said it was a UAE fund, causing confusion. UAE is just one of the investors in the fund....Indians should ask the likes of other sovereign wealth funds like the Singaporeans and Japanese to also invest.

Well the news article doesn't specify if UAE will target only infrastructure or that all of $75 Billion will go to infrastructure. I have a feeling the Arabs with go the route of Singapore's GIC, seeing the tremendous returns in India.

 

[sshakir411]

Well the news article doesn't specify if UAE will target only infrastructure or that all of $75 Billion will go to infrastructure. I have a feeling the Arabs with go the route of Singapore's GIC, seeing the tremendous returns in India.

I believe co-investing with the Indian government will help in exiting the investment. Also expect an update/change in laws to make that process easier than what it is currently. Surprised to see SoftBank hasn't announced any major deployment of funds in India...given they just raised $100 Billion to invest around the world.

 

[R0H1T]

I believe co-investing with the Indian government will help in exiting the investment. Also expect an update/change in laws to make that process easier than what it is currently. Surprised to see SoftBank hasn't announced any major deployment of funds in India...given they just raised $100 Billion to invest around the world.

They already have more than a billion invested via Snapdeal, Jabong (IIRC or Myntra) & Paytm.

 

[Reddy]

I believe co-investing with the Indian government will help in exiting the investment. Also expect an update/change in laws to make that process easier than what it is currently. Surprised to see SoftBank hasn't announced any major deployment of funds in India...given they just raised $100 Billion to invest around the world.

Softbank has already invested 6.5 Billion USD in India, Softbank plans to invest $30 Billion in India of which $10 Billion will be in digital sectors like Flipkart, Paytm etc and $20 Billion in non-digital sectors like Solar etc.

 

[sshakir411]

They already have more than a billion invested via Snapdeal, Jabong (IIRC or Myntra) & Paytm.

Softbank has already invested 6.5 Billion USD in India, Softbank plans to invest $30 Billion in India of which $10 Billion will be in digital sectors like Flipkart, Paytm etc and $20 Billion in non-digital sectors like Solar etc.

I Seemed to have missed this news. Will be interesting to see how the future shapes up given such large investor base and deep pockets. Will be interesting to see the changes Indian capital markets go through in the next few years.

 

[R0H1T]

I Seemed to have missed this news. Will be interesting to see how the future shapes up given such large investor base and deep pockets. Will be interesting to see the changes Indian capital markets go through in the next few years.

This is still peanuts compared to the (potential) size of the Indian economy, though I don't like foreigners getting a jump start in high tech/greenfield investments like they did with auto & electronics industry due to lax policy initiatives & uncertain regulations at that time.

The likes of Paytm & Flipkart are already owned by majority foreign shareholders, this was before 51% ownership was allowed by GoI. They used shell companies & indirect holdings/investments to route the funds through Singapore, tax free I think. We simply cannot afford this upcoming digital revolution to be owned by foreign companies, it'll be the death knell for Made/make in India.

 

[mummad]

This is still peanuts compared to the (potential) size of the Indian economy, though I don't like foreigners getting a jump start in high tech/greenfield investments like they did with auto & electronics industry due to lax policy initiatives & uncertain regulations at that time.

The likes of Paytm & Flipkart are already owned by majority foreign shareholders, this was before 51% ownership was allowed by GoI. They used shell companies & indirect holdings/investments to route the funds through Singapore, tax free I think. We simply cannot afford this upcoming digital revolution to be owned by foreign companies, it'll be the death knell for Made/make in India.

Make in India will not get affected as even foreign companies who wanted to do business India now needs to make/assembly products in India..especially for big projects.

example - GE & Alstom loco deals/ Rafael deal

 

[R0H1T]

Make in India will not get affected as even foreign companies who wanted to do business India now needs to make/assembly products in India..especially for big projects.

example - GE & Alstom loco deals/ Rafael deal

The problem with make in India is that most of the profits are leaving the country. For instance China has mandated JV in most if not all major sectors, so a GE/Siemens owns at most 50% (IIRC) with a Chinese partner & China gets employment as well as 50% of all profits, whether the sale is made in China or geared towards exports. The tech theft is a different point altogether, not to mention the Chinese are proud of that.

In India someone like an Apple (via Pegatron or Hon Hai) or Xiaomi get tax breaks & all sorts of incentives to setup shop & sell their products, no JV required AFAIK & with the increasing costs in China it actually makes sense for them to set shop in India. They still import all the key components like panel, chipset, modem, battery et al. Basically a CKD (completely knocked down kits) version of electronics, we've seen that in autos & it mostly helps the foreign entity.

This is different because for defense we can enforce such clauses but the vast majority of our imports are electronics, probably second only to petroleum so far as imports are concerned.

 

[mummad]

The problem with make in India is that most of the profits are leaving the country. For instance China has mandated JV in most if not all major sectors, so a GE/Siemens owns at most 50% (IIRC) with a Chinese partner & China gets employment as well as 50% of all profits, whether the sale is made in China or geared towards exports. The tech theft is a different point altogether, not to mention the Chinese are proud of that.

In India someone like an Apple (via Pegatron or Hon Hai) or Xiaomi get tax breaks & all sorts of incentives to setup shop & sell their products, no JV required AFAIK & with the increasing costs in China it actually makes sense for them to set shop in India. They still import all the key components like panel, chipset, modem, battery et al. Besaically a CKD (completely knocked down kits) version of electronics, we've seen that in autos & it basically/mostly helps the foreign entity.

This is different because for defense we can enforce such clauses but the vast majority of our imports are electronics, probably second only to petroleum so far as imports are concerned.

Not sure about all money leaving country.Most of US countries kept their money out of US [Trump now trying to reduce tax].Even if a company is Indian they can easily setup a holding company isn tax heaven and route everything [ex: Flipkart].

Most important thing is employment.We have missed manufacturing bus by total reliance on Services and with rapid changes in Manufacturing it will be very difficult to generate jobs in future.

Once 3D Printing became mainstream/affordable [10/15 years] there will be tremendous job losses as it will competently transform manufacturing as we know now.So whats more important now is getting world class factories and developing tallent pool in house.

 

[R0H1T]

Not sure about all money leaving country.Most of US countries kept their money out of US [Trump now trying to reduce tax].Even if a company is Indian they can easily setup a holding company isn tax heaven and route everything [ex: Flipkart].

Most important thing is employment.We have missed manufacturing bus by total reliance on Services and with rapid changes in Manufacturing it will be very difficult to generate jobs in future.

Once 3D Printing became mainstream/affordable [10/15 years] there will be tremendous job losses as it will competently transform manufacturing as we know now.So whats more important now is getting world class factories and developing tallent pool in house.

Most, not all & this is an ongoing problem with the govt increasing investment limits in all important sectors.

That's partly true but like I said most of the high tech (like real hitec) factories are in US, Japan, Korea, Germany, China et al. The factories you're talking about are assembly homes, beyond that we also don't have IP to manufacture such things as x86 processors, or ARM, modems, display panels et al.

There is no 3D printing solution to them either, so while 3D printing may solve our import problems (short to medium term) we need Indian companies to have the rights to make these things, or steal IP like China does.

 

[mummad]

Most, not all & this is an ongoing problem with the govt increasing investment limits in all important sectors.

That's partly true but like I said most of the high tech (like real hitec) factories are in US, Japan, Korea, Germany, China et al. The factories you're talking about are assembly homes, beyond that we also don't have IP to manufacture such things as x86 processors, or ARM, modems, display panels et al.

There is no 3D printing solution to them either, so while 3D printing may solve our import problems (short to medium term) we need Indian companies to have the rights to make these things, or steal IP like China does.

Technology transfer will happen [except for very critical],that's why we need more FDI in MFG sector.R&D will take pretty long time plus ensuring reliability is even more challenging and time consuming even to develop a proper data bank.

I guess you may have read recent article about US companies want strict data protection for Tech transfer.
https://economictimes.indiatimes.co...nfo-in-india-for-jvs/articleshow/62008166.cms

 

[Bhaijaan]

Thanks UAE

https://twitter.com/x/status/1909947364808204457

https://twitter.com/x/status/1909621607838237070

https://twitter.com/x/status/1909539057710801027

 

[Bhaijaan]

Sanatani-Mohammadan friendship forever

https://twitter.com/x/status/1910028510430625953

 

[Bhaijaan]

https://twitter.com/x/status/1909937342040649941

 

[Romali_rotti]

Thanks UAE

https://twitter.com/x/status/1909947364808204457

https://twitter.com/x/status/1909621607838237070

https://twitter.com/x/status/1909539057710801027

Got to give it to PM Modi, he has built the strongest of relationships with the custodians of Islam better than any other Indian leader in history.

Heck he was awarded Grand Collar from Palestine not so long ago.

Mashallahh...

.....

 

[Bhaijaan]

Got to give it to PM Modi, he has built the strongest of relationships with the custodians of Islam better than any other Indian leader in history.

Heck he was awarded Grand Collar from Palestine not so long ago.

Mashallahh...

.....

He’s the greatest ever.
This is coming from me, a former critic.

 

[Romali_rotti]

He’s the greatest ever.
This is coming from me, a former critic.

Mashallah he is the greatest ever Indian PM.


Imagine if India had him at the helm instead of that buffoon Nehru right after partition....

 

[Romali_rotti]

 

[Cpt. Rishwat]

Mashallah he is the greatest ever Indian PM.


Imagine if India had him at the helm instead of that buffoon Nehru right after partition....

India would never have been a service industry for IT and call centres because the RSS types would have insisted on teaching Hindi first, second and last and would have booted English into touch.

India would be on the same level or worse than Pakistan as a result.

 

[Romali_rotti]

India would never have been a service industry for IT and call centres because the RSS types would have insisted on teaching Hindi first, second and last and would have booted English into touch.

India would be on the same level or worse than Pakistan as a result.

Nah Cap that's were you are wrong, that's why you lot will always be in a hopeless situation.

PM Modi is a shrewd Politician & business man unlike that baboon Nehru :

- He wouldve joined hands with the Americans and opened up the world biggest factory which went to China due to Nehru, as a result India would have been similar to were China is today,

- With PM Modi at the helm India would have secured a seat in the UN security council which the Americans and Russians both endorsed the Indians to be on but our MR Mount Batten's wife obsessed Nehru instead wanted it to go to China.

India having a seat on the UN security council would have changed world political dynamics for the next 100 years after partition,


- Lastly there would not have been a Kashmir issue as the entire region rightfully would have been with India.

With Kashmir gone, Pakistani ppl wouldn't have been fleeced by their army and ISI with the fake Kashmir freedom narrative so they can control the whole economy for their purposes only, essentially turning Pakistan into a rubbish bin which we see today.


Lee Kuan Yew wouldnt be saying the below, had all the above happened right after partition.

 

[Slim]

India would never have been a service industry for IT and call centres because the RSS types would have insisted on teaching Hindi first, second and last and would have booted English into touch.

India would be on the same level or worse than Pakistan as a result.

Indians learning english meant they become the biggest scamsters in the world. Same case with fillipinos.

 

[Slim]

Got to give it to PM Modi, he has built the strongest of relationships with the custodians of Islam better than any other Indian leader in history.

Heck he was awarded Grand Collar from Palestine not so long ago.

Mashallahh...

.....

What is a "custodian of Islam"?

 

[Romali_rotti]

What is a "custodian of Islam"?

You are a smart dude, you can figure it out...

 

[Bhaijaan]

The crown prince has a special place for Bharat in his heart and even named his daughter “Hind” in honour of our country. It’s the most beautiful tribute

View this content on Instagram

View this content on Instagram

 

[Cpt. Rishwat]

Nah Cap that's were you are wrong, that's why you lot will always be in a hopeless situation.

PM Modi is a shrewd Politician & business man unlike that baboon Nehru :

- He wouldve joined hands with the Americans and opened up the world biggest factory which went to China due to Nehru, as a result India would have been similar to were China is today,

- With PM Modi at the helm India would have secured a seat in the UN security council which the Americans and Russians both endorsed the Indians to be on but our MR Mount Batten's wife obsessed Nehru instead wanted it to go to China.

India having a seat on the UN security council would have changed world political dynamics for the next 100 years after partition,


- Lastly there would not have been a Kashmir issue as the entire region rightfully would have been with India.

With Kashmir gone, Pakistani ppl wouldn't have been fleeced by their army and ISI with the fake Kashmir freedom narrative so they can control the whole economy for their purposes only, essentially turning Pakistan into a rubbish bin which we see today.


Lee Kuan Yew wouldnt be saying the below, had all the above happened right after partition.

Dream on. Hindutvas like to live in an alternate universe where everyone else is to blame without engaging critical thinking. Modi is so smart he thinks mob violence is the way forward, and Ganesh having an elephant head meant Indians invented plastic surgery.

Trust me, I have seen how maulvis trying to play politics has played havoc with Muslim countries progress, you are living in a fools paradise if you think Indian yogis and sanghis would be any different. You should thank your lucky stars that Nehru was a relative secularist in comparison to the RSS goons who you idolise today.

 

[LordJames]

The crown prince has a special place for Bharat in his heart and even named his daughter “Hind” in honour of our country. It’s the most beautiful tribute

View this content on Instagram

View this content on Instagram

1. He has named his daughter after his mother Hind bint Maktoum Al Maktoum
2. Centuries before that "Hind bint Utba" was the name of wife of Abu Sufyan (May God be please with him)

This is an ancient female name amongst the Arabs from before the time of Prophet Muhammad (Peace be upon Him)

اسم علم مؤنث عربي، كان لقباً لكريمات العرب على اسم دولة الهند البعيدة والحافلة بالعجائب، أو هي السيدة الثمينة التي تعادل مئة من الإبل. وقد ينسبون إليها فيسمون: هندي، هندية. كما يسمون: هندة، وهُنَيدة. وهو اسم عريق في القدم مثل هند بنت الخُسّ من أهل الدهاء، ولها أخبار كثيرة.​

It is referring to geography of Subcontinent because Arab travelers were fascinated by a distant land of wonders, in short not necessarily the present country of "Bharat" but the geography of Subcontinent

The classical dictionary describes it as:

1. Title of a noble woman
2. Name of a distant enchanting land
3. Associated with a woman with 100 Camels (meaning rich)
4. Associated with Hind Bint-AlKhus (She was a woman in Arab folklore who told many enchanting stories)

Today, it is also added to refer to the country of India but historically been around for thousands of years and a common female name.

It is from classical Arabic and (not modern)

 

[Bhaijaan]

1. He has named his daughter after his mother Hind bint Maktoum Al Maktoum
2. Centuries before that "Hind bint Utba" was the name of wife of Abu Sufyan (May God be please with him)

This is an ancient female name amongst the Arabs from before the time of Prophet Muhammad (Peace be upon Him)

اسم علم مؤنث عربي، كان لقباً لكريمات العرب على اسم دولة الهند البعيدة والحافلة بالعجائب، أو هي السيدة الثمينة التي تعادل مئة من الإبل. وقد ينسبون إليها فيسمون: هندي، هندية. كما يسمون: هندة، وهُنَيدة. وهو اسم عريق في القدم مثل هند بنت الخُسّ من أهل الدهاء، ولها أخبار كثيرة.​

It is referring to geography of Subcontinent because Arab travelers were fascinated by a distant land of wonders, in short not necessarily the present country of "Bharat" but the geography of Subcontinent

The classical dictionary describes it as:

1. Title of a noble woman
2. Name of a distant enchanting land
3. Associated with a woman with 100 Camels (meaning rich)
4. Associated with Hind Bint-AlKhus (She was a woman in Arab folklore who told many enchanting stories)

Today, it is also added to refer to the country of India but historically been around for thousands of years and a common female name.

It is from classical Arabic and (not modern)

We are all Hind brother. That’s our identity.

Some people have an awkward time getting to terms with this but this is our roots brother.

To Hind we belong.

 

[Slim]

You are a smart dude, you can figure it out...

Clearly i am not in this particular regards. Please elaborate and enlighten me.

 

[Romali_rotti]

Well since

Dream on. Hindutvas like to live in an alternate universe where everyone else is to You should thank your lucky stars that Nehru was a relative secularist in comparison to the RSS goons who you idolise today.

Yes Cap, we are living in an alternate universe, if only we had the wisdom of Bristanis like you. You do realise most of the riots and Mob violence occurred under the Congress regime right?.

When you compare muslim countries with Madrassa level intellect with Hindutva you definitely have your head screwed on the right way.

I suggest you stay out of politics it is clearly not a Britstani strong suit, last I heard a Britstani who is an MP from Birmingham is more focused on building an airport in Kashmir than trying to solve the rubbish build up and stench over there.


We appreciate you love for our Mahaan leader nehru, I do agree he is much more intelligent than any Britstani.

 

[Romali_rotti]

Clearly i am not in this particular regards. Please elaborate and enlighten me.

Well if you are not smart enough to know then, that's just bad luck for you I guess...


Enlightening you is of no interest to me.

 

[Slim]

Well if you are not smart enough to know then, that's just bad luck for you I guess...


Enlightening you is of no interest to me.

And ur an absolute coward for not being able to back up your words, haha. Classic.

 

[Romali_rotti]

And ur an absolute coward for not being able to back up your words, haha. Classic.

If that makes you sleep better at night brother, I am all for it.

 

[JaDed]

Dream on. Hindutvas like to live in an alternate universe where everyone else is to blame without engaging critical thinking. Modi is so smart he thinks mob violence is the way forward, and Ganesh having an elephant head meant Indians invented plastic surgery.

Trust me, I have seen how maulvis trying to play politics has played havoc with Muslim countries progress, you are living in a fools paradise if you think Indian yogis and sanghis would be any different. You should thank your lucky stars that Nehru was a relative secularist in comparison to the RSS goons who you idolise today.

Secularism and Socialism are two different constructs, the idea that secular socialist was good for a country that was given independence with a huge impoverished population is misguided.

India has done well inspite of Nehru and his daughter not due to them.

A secular Capitalist for example Libertarian is what would had helped India the most, but time will tell how this ends up.

 

[Cpt. Rishwat]

Well since


Yes Cap, we are living in an alternate universe, if only we had the wisdom of Bristanis like you. You do realise most of the riots and Mob violence occurred under the Congress regime right?.

When you compare muslim countries with Madrassa level intellect with Hindutva you definitely have your head screwed on the right way.

I suggest you stay out of politics it is clearly not a Britstani strong suit, last I heard a Britstani who is an MP from Birmingham is more focused on building an airport in Kashmir than trying to solve the rubbish build up and stench over there.


We appreciate you love for our Mahaan leader nehru, I do agree he is much more intelligent than any Britstani.

Why did that happen? Was it not because they were trying to match the BJP for rhetoric in order not to lose more virulent sections of the Hindu vote?

The rest of your diatribe is not worth responding to, hopefully tossing around words like madrassa and Britstani a few times will have relieved you of whatever tension had built up.