Showing posts with label FDI. Show all posts
Showing posts with label FDI. Show all posts

Friday, May 3, 2013

Letters to the editor

Eye opening efforts
The Indian economy has been facing stifled growth for quite some time now and flipping through the cover story of Business & Economy magazine was an eye opening experience for me in terms of the economic conditions of the country. Both the government and the Reserve Bank are trying hard to get the economy back on track and the issue decently suggested how India can be safeguarded against the lately turned up pool of scams and incompetent policies. The feature was greatly supported by data and trend analysis generated by the IIPM Think Tank. I seriously believe that the economy could benefit through further liberalisation of FDI, as was discussed. It was interesting to see that a magazine has also uniquely considered the educational qualifications of our finance ministry! Talking about the rest of the package, it was a great mix of stories and analysis across various sectors.

Bobby Malhotra
Chief Executive Max Trade

Constant evolution
I have seen a constant evolution in the content, presentation and section planning. The factor that makes the magazine different from the rest is its dynamic supplements. I would like to give a special mention to BFM, which keeps me updated with the latest happenings in the world of finance. There are always some great columns in the issue for avid readers like me. In the last issue, the story on the crisis in the power sector was very timely and comprehensive. Really, for the Indian growth story to continue and be sustainable, the next phase of reforms should be in the power sector. I expect you to raise more such critical issues in the future.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
ExecutiveMBA


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Monday, March 25, 2013

Nothing less than Adam’s Dilemma

Dhamra Port on the coasts of Orissa may well Open The Gates of fortune for The State, but at The Same time it may also Prove fatal for The rare Olive Ridley Turtles. This is now writing The Newest Chapter of Tussles between Environmentalists and Industrialists in The State.

Ever since the Naveen Patnaik government stepped ahead to bring in an industrial revolution in Orissa, the state has been witnessing increasing number of agitations and activism cases. Owing to the same while India’s biggest FDI backed (Rs.520 billion) POSCO steel plant project is stuck with land acquisition issues, global steel major Arcelor Mittal, who signed a MoU with Orissa government in 2006 to set-up a Rs.400 billion steel plant, finally gave up hope and moved on to sign a MoU with the Karnataka government. Vedanta Group suffered a double blow with it’s aluminium plant in Lanjigarh (Western Orissa) and Rs.150 billion Vedanta University in the eastern part of the state. Most of the mega industrial ventures in Orissa are now at halt or fighting hard to salvage a situation out of nothing. They are facing road blocks created by either pro-environment activists or anti-displacement agitators. The latest addition to this struggling bunch of projects is the Port of Dhamra, though with a little twist. While most of the above mentioned projects are struggling to start off, Dhamra port is facing the heat when it is just about to be completed.

Before getting into a discussion of development vs environment, which is the real issue haunting the project at the moment, one must know that on completion Dhamra port – developed by Dhamra Port Company Ltd. (a 50:50 joint venture between L&T and Tata Steel at an estimated cost of Rs.24.6 billion) – will become the first ever fully mechanised port on the eastern shore of the country. In addition, the port, which is strategically located between Haldia (West Bengal) and Paradip port (Orissa) on the Bay of Bengal, will be one of the largest deep water ports in India adding impetus not only to the trades of the state but also of the country in a serious way. The important fact about this port is that when the project work started in 2006 (agitation against POSCO for land issues were at their peak), there were no such issues against DPCL though government acquired around 3,000 acres of land in 74 villages for the port and rail corridor. Displacement was never a hurdle for the project. Recollects K. C. Patra, District Collector, Bhadrak, “Issues relating land acquisition were handled in an exemplary manner. The process was accomplished in a way that no one was left landless at the end. Thus district administration did not face any problem during acquisition of lands.”

However, the real pain for DPCL at the moment is the protest of environmentalists, which has gained a lot of momentum with international NGOs jumping into the bandwagon in a big way. And the issue raised by the environmental NGOs is the ports closeness to Gahirmatha Marine Sanctuary, where 200,000 to 500,000 Olive Ridley turtles nest every year. Though the port site is not a nesting area, environmentalists are concerned about the fact that dredging and industrial pollution will disrupt the environment and the natural food chain in the whole region.

Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

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