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Untouchables counterattack, Modi gold lord, Indian chaebols due to the epidemic wealth soared 100 billion?
Hello！ Hello brothers and sisters! Here is Dr. Yixin who is always curious, bursting liver and then bursting liver.
According to a recent academic report in the United Kingdom, the wealth of global billionaires during the epidemic has soared from $8.6 trillion in March 2020 to 13.8 trillion yuan in November 2021, an increase of 5 trillion yuan (31.7 trillion yuan), more than the previous 14 years combined!
In a word, the epidemic has made the poor poorer! Make the rich richer! Oil wheat is up!
Among them are the giants of the United States, the oligarchs of Europe, the chaebols of Japan and South Korea, the Cotillo of South America... Of course, the limelight is also counting the Indian consortium!
The Indian people's Ganges funeral is lined up, but the wealth of the rich has set a new record!
According to forbes' rich list released in early April, Gortam Adani, a billionaire from India, defeated Mukesh Ambani with a net worth of $102.1 billion to become the new richest man in Asia!
Top 10 on the 2022 Forbes Rich List
A former low-caste dropout actually defeated "Yin Sicong", who has been the richest man for 12 consecutive years? Also became the "cash machine" behind Modi's old immortal?
1. Who is this Adani?
Second, what is different about this Indian chaebol?
Third, what is the mysterious relationship between him and Modi Laoxian?
Today we will explore the history of Asia's richest man and the "game" of power behind money!
"Savage" rich
There was a hot post on the Internet asking Mexican drug lords, South Korean chaebols and the Indian caste system, which of these three hellish problems is the most difficult to solve?
scold...... Who is this looking down upon? As a legendary mysterious power in the East, doesn't India deserve to have a chaebol? Match, of course!
Speaking of India's chaebols, many people know the famous "Inthicong" - Muksh Ambani. It is the former richest man with a net worth of $100 billion above.
Mukesh Ambani
As the head of India's top chaebol Reliance Group, Aniba's deeds of the rich second generation can be said to be quite out of the circle, on the one hand, the rich want to send their brothers to the bureau to eat free curry rice, on the other hand, they love their wives as fate, spending 1 billion US dollars to build a 27-storey top mansion, and the servants alone have hired more than 600. The whole Indian version of "Pearlescent".
In contrast, the painting style of the new richest man, Adani, is a printed version of "Genesis" plus "Flying Tiger", playing inspirational and heartbeat!
On November 6, 2008, Mumbai, India's financial center, was hit by a terrorist attack. Terrorists stormed railway stations, hospitals, cafes and hotels, firing wildly at crowds and massacring indiscriminate massacres... The terrorist attack lasted nearly 60 hours before and after, killing 195 people and injuring 295 others.
At that moment, Adani was eating at the Taj Mahal Palace Hotel, a top hotel in Mumbai, and before he could swallow a bite of food, he saw terrorists break into the building.
The rivers and lakes are sinister, if you can't do it, run! Adani hid in a conference hall with the hotel's customers. Some people are afraid of being shot under the sofa, some people are looking for a closet all over the house, and Adani sits calmly on the sofa and comforts his companions: "Don't be afraid, believe in God." As for why not Lord Shiva? Or Vishnu? It's freedom!
You may ask, the same customers, why is the gap so large? Can't just because Adani has money, there is a saying that a family does have money, but having money is only the result, his experience, can be said to be quite inspirational, full of grassroots rise of the sour, life and death speed of the publicity ...
Born in 1962 in Ahmedabad, gujarat, western India, Adani is a fellow countryman with Modi Laoxian.
Gautam Adani
Adani was a tribal surname, literally translated as "barbarian", as the name suggests, in the caste system, and noble. Belonging to a Brahmin? Kshatriya? Vedas? Sudra? Sorry, four can't be lined up!
His father was a textile merchant, which is common in India, after all, the textile industry is the "legacy" of the colonial British, and his family is also a typical Indian scale, with a total of 8 brothers and sisters. Although he does not worry about eating and drinking, he is completely unrelated to the rich.
As we all know, the people of India have been doing what their grandfathers and great-grandchildren basically did since ancient times, and if they want to achieve class leapfrogging, the difficulty coefficient is about equal to the soaring of robbery.
Therefore, his father naturally felt that Adani should come back to inherit the family business after graduation.
However, Adani "rebelled" and dropped out of school first! In his second year of business at Gujarat University, he stopped studying. Then there's the work trip! It may be that he feels that the salary of working for his father is not good, or it may be that he feels that the world is so big that he wants to go and see it!
In 1978, 16-year-old Adani came to Mumbai alone and took a job as a diamond sorter.
Soon the commercial DNA from his dad woke up in him! He found the diamond industry too profitable! When the sorter has no future, do it and do it, because the wealth code must be in his own hands! So Adani began to try to start a diamond trade, and soon achieved wealth freedom.
The so-called rich and noble do not return home like a brocade night! Adani chose to return to his hometown of Gujarat and work with his brother in the PVC materials business. The rich first brought the rich and then the rich, and sure enough, the family was a businessman.
In 1988, Adani established the Adani Import and Export Trading Company, which began to do PVC and export agricultural products. But his "ambitions" clearly don't stop there, and the British media describes it as spending the profits on huge loans in order to enter other industries.
It turns out once again that opportunities are for those who are prepared. In the 1990s, the giant of the Soviet Union fell, and the United States began to promote globalization and capital went to sea. India has clearly felt the dramatic change of the times and has begun to open up and invigorate, with the emphasis on allowing the privatization of state-owned enterprises. And this place in Gujarat is a typical example of openness and invigorating!
Anyway, with this shareholder wind, Adani grasped the pulse of the times and stepped on the ladder to the clouds!
In the 1990s, Adani Group acquired the largest commercial port in Gujarat, the Mundra Port. This is a "magical" port, in the hands of the local government to lose money, after contracting to professional people, the operation method is appropriate and begin to make money!
So Adani has since lived the life of "sea king", just as the so-called port is occupied by me, the dock is opened by me, and if you want to live from here, leave shipping wealth.
After this operation, Mundra became the largest private port in India, Adani directly earned a lot of money, and expanded the business tentacles to energy (coal), logistics, agriculture, defense and other fields, although there were kidnappings during this period, a small loss of a $2 million "small fortune", but overall it belonged to the rhythm of lying wins.
Fast forward 30 years, and an energy-centric business empire was born. It is not too much to say that it blooms everywhere, everywhere.
However, if you want to say that Adani continues to be beautiful alone, then this drama is a bit exaggerated. The god of fate quickly arranged a man for the male protagonist, who was destined to "play"!
This man is the head of India, Modi LaoXian!
Modi's "Gold Lord"
It is rumored that the commercial success of the Adani Group is inseparable from the close relationship between the head of the Adani and the old immortal Modi, for which Adani has always denied the triptych: I am not, I am not, don't be fooled!
However, as the saying goes, do not look at the advertisement to see the effect, from the perspective of the efficacy, the investment of the Adani Group and the modi authorities' governance goals are always very coincidental. Adani's own relationship with Modi is said to be quite good.
As mentioned at the beginning, both Adani and Modi are Gujarat people. While Adani was preoccupied with his own business empire, Modi, as the local administrator, was also building infrastructure, attracting foreign investment to engage in the economy, and paving the way for politics. And their base camp is in Gujarat. Didn't you say it was a coincidence?
It is said that Adani himself is an iron fan of Modi, and as early as 2003, he began to organize the biennial "Dynamic Gujarat" global investment summit, shouting for Modi's investment policy and calling his idol. According to foreign media reports, when Modi was elected indian prime minister in 2014, he traveled to New Delhi on Adani's private plane.
And the close relationship between the two also continued into private occasions, and it is said that when Adani's son got married, Modi, who was the governor of Gujarat at the time, not only attended the ceremony himself, but also participated in various ceremonies.
Hey, don't underestimate the word "whole process", here is actually a little knowledge point! That is, according to Indian customs, weddings are generally held for 7 days and 7 nights! Singing and dancing, in addition to laying flowers, but also lighting a brazier!
This set of processes is neat, and the physical strength is not estimated to be able to stand up, so under normal circumstances, the big people who come to the scene stay for a day, and the appearance is enough. But Modi insisted on participating in all the ceremonies throughout the process, which shows that the relationship between the two is really iron.
Not only is the iron still very tacit, the Modi authorities want to build infrastructure, Adani is the king of infrastructure, from ports and airports to mines, power plants.
The Modi authorities said that as the world's third largest emitter of greenhouse gases, we must engage in new energy for the sake of the earth. Adani, who started off coal, has responded to calls to move into green energy, pledging to invest $70 billion in hydrogen fuel by 2030.
Of course, people are not purely powered by love, this time you have money, I have the right! I invest, you get promoted! How to say it, it can be said that it is quite tacit understanding! Performance and profits are the best of both worlds, so why not enjoy it? However, it is not an illegal transaction, at least on the surface, such a platform is legal in India.
It was in this partnership that Adani Group grew into India's largest infrastructure company; controlled India's largest private port, Mundra Port; operated India's largest private thermal power plant, the largest coal import trading company; India's largest edible oil producer; and owned 74% of Mumbai International Airport.
Adani Industry
Under the many halos, the gold content of Adani Group has also risen. In 2008, Adani was on the Forbes List of the World's Richest People for the first time, worth about $9.3 billion, and 14 years later, this figure exceeded $100 billion!
"Thief" princes?
Seeing this, you may sigh, what kind of road to riches is this! You may also wonder, ah this! Isn't this the same as those of South Korean Samsung?
Indeed, Indian experts are not stupid, and it has long been suggested that "some of the large businesses of the Adani Group, such as ports, are almost monopolistic."
Not only that, "many of Adani's companies are closely related to India's industrialization and infrastructure construction."
This monopoly makes the enterprise almost invincible! It will hardly be affected by any external factors, even if it is the epidemic, which is a variable that causes headaches to the whole world! It is not weakening, but the siphon effect of the stronger the stronger!
Since the outbreak:
Global coal and natural gas prices continue to rise! As an energy giant, Adani benefits!
Almost all of the world's major ports are congested with containers, and shipping prices are in a new record! Adani collects money easily in port Mundra!
The epidemic has affected the rise in grain and oil prices! The price of edible oil in Adani is rising!
Not only that, with the support of industry, the performance of Adani's listed companies in the capital market is also a ride! For example, Adani's green energy-related companies, whose stock prices soared 77% in 2021.
Adani's own value also achieved a triple jump, soaring from $13 billion to $55 billion and another $100 billion.
Of course, the epidemic is not a good thing, but for Adani, it is "people sitting at home, money comes from heaven"! Was he lucky? Of course not! The truth is that his consortium covers a wide range! There's always a catch-up...
The pandemic has led to a wealth explosion for the rich, but at the same time, 99% of Indians are living a more miserable life than ever before.
According to foreign media reports, since 2020, more than half of the new poor people in the world have been Indians. India's poor who earn less than $2 a day have increased by about 75 million.
In between, the gap between rich and poor in India has continued to widen. At the end of 2020, 1% of India's population owned 40.5% of the country's wealth, a 7% increase from 20 years ago. The simple understanding is that India has developed the economy, but it is embarrassed that there is a problem with the distribution, and the growth part is more taken away by the consortiums.
Although the Indian people love to dance, do yoga and drink some Ganges water every day, the eyes of the Indian people are shining. The resentment accumulated daily was finally released in the matter of agricultural reform.
In the previous issue of Why Indians Are Hungry, we discussed Modi's half-baked agrarian reforms. At that time, we analyzed that this was a reform that unexpectedly united the natural class enemies of the landlords and peasants.
Indian farmers protested
Now we can finally reveal that the "enemy" who made the two sides shelve the contradictions and resist together is Adani, to be precise, Modi, Adani and Ambani.
Don't be confused! Listen to me explain it to you!
The first thing we would say is that Modi's agricultural reform was well-intentioned. The three new bills provide a lot of content, but the core meaning is one: the Farmers' Production Trade and Commerce (Facilitation and Facilitation) Bill 2020, the Farmers' Price Guarantee and Agricultural Services (Empowerment and Protection) Agreement Bill 2020, and the Basic Commodities (Amendment) Bill 2020.
Food trade is free, the authorities no longer restrict prices, channels, everything is left to the invisible hand of the market. The aim is to activate the market and benefit farmers.
This intention is good, but the question is whether it can be achieved? Whether the shoe fits or not, only the foot knows! The landlords and farmers of India soon found out that this was a rip-off!
Because they are not facing a full-bidding market, it is likely to be just two consortiums behind Modi:
Adani Group operates an agricultural logistics empire and received government orders in 2016. Ambani Group began to enter the electronics retail industry.
In front of the two behemoths, ordinary farmers have no bargaining power at all. Sure enough, in areas where the old policy was implemented, it could sell for $25 per 100 kilograms of wheat. In regions where the new policy has already begun to be piloted, it can only sell for $16 per 100 kilograms of wheat.
The peasants finally confirmed that instead of letting the market regulate, it is better to let the authorities take care of it, otherwise they will not only not have to grow wheat, but also do not have to grow leeks, because they are "leeks"!
The peasants who turned around, armed with eating and drinking tents sponsored by their hometown landlords, rushed all the way to Delhi, and by the way, they raised the statues of Modi, Ambani and Adani.
So a very absurd contrast effect came out, and Adani, who had represented India in exploring new energy technologies and supporting domestic infrastructure, turned over on agricultural issues.
So, is the consortium good or bad for India?
It can only be said that the pursuit of profit is the nature of capital. In today's India, the existence of chaebols is an irreversible fact. The founder of an investment management firm in the United States once said that almost every industry in India has been controlled by 1 or 2 large companies. The profits of the top 15 enterprises account for 90% of the national corporate profits.
Back then, the South Korean people laughed at themselves and couldn't do without Samsung from birth to death. Now, how can the people of India leave Adani, Birla, Reliance, Tata?
It can only be said that "water can carry boats and can overturn boats", and these behemoths, such as Adani and Ambani, are good horses for the country to drive, or fierce tigers that regurgitate. It depends on the wisdom of the top designers!
Forget it, this is not something we should worry about with a monthly salary of 3,000... Let's just take a serious look at the hilarity!
Well, today's content is here, I hope that the next update, the doctor has been released, I am too miserable... You don't like the attention, comfort me under...
Resources:
1. A weekly blood loss of $14 billion! India's rich man fell off Asia's second throne in less than four weeks
2. Record-breaking! Two Indian billionaires are both worth more than 100 billion US dollars, and there is an energy business behind Deng Haoyi
3. Capitalism in the Midst of Disaster: How Does Modi "Curb" Peasant Anger? The Paper
4. After a pandemic, the gap between rich and poor in India widened: the poor are poorer, the rich are richer, And Qi Qian
5. The richest man in New Asia is still an Indian, who has survived several times in his life
6. "Asia's richest man" new face Zhang Rui
7. Two Indians, becoming the richest man in Asia, Ma Huan
8. The gap between the rich and the poor is increasing The impact of the epidemic on Indian society is gradually emerging Chen Runze
9. Pew Research Center: An estimated 75 million people in India have been trapped in poverty since the outbreak
10. US media: 32 million middle-class people in India returned to poverty under the epidemic Wang Yalin
11. Two Indian counterparts compete for the position of Asia's richest man, both worth nearly $90 billion
12. India's Adani and South Korea's POSCO sign a US$5 billion investment memorandum of understanding with Zhang Yadong