Indian Reliance to unveil $3.0bn investment plan for Bangladesh

[TopCat]

The announcement will be followed by a (Mamar barir abdar) Sovereign Guarantee from the GOB so that these Reliance will not have to spend a penny from its own pocket.

 

[Ragnar]

no.. reliance and other industry interests own the govt.. RAW is a govt funded org, not self funded by industries... in other words reliance owns govt and govt owns raw...
the way you said reliance merely is a front of RAW(no real business), it would have been more accurate to say govt of India and by its extension agencies do the bidding of rich industrialists (a problem in USA too). do you understand the difference?

Reliance and Bangladesh are both wholly owned subsidiaries of RAW. RAW wants to effect a merger of these two subsidiaries for tax reasons. This investment is the first step. The merged company will be known as Reliancedesh.

 

[livingdead]

RAW has developed own finances said to be huge. With these it supports commercial firms at home and globally. These then work as RAW's tentacles. Similarly RAW has geographical coverage of entire SA and vital global locations. This is not difficult using the huge Indian diaspora. Political parties and politicians in India and elsewhere are also covered. We know the situation in BD quite well. In India they have people everywhere, and that includes Pranab Mukharjee who has been with them for decades. In short it is RAW which controls the air, water and land in India. For instance, only RAW can order border firing on our frontiers to stop; none else. The worst outcome is that RAW has been taken over by Hindu extremist elements.

oh man, your observations are partially right but inferences are than of a rickshaw puller. The hindu extremist influence is in every org, BSF included. Pretty sure same in RAW, judiciary and other places. If a society becomes extreme, it affects all organization, although not to same extent.
RAW is manned and headed by civil servants, although they do have considerable say in certain affairs(kashmir, NE within India and neighbouring countries) it will be stupid to overstate their importance. They dont chose BJP over congress, otherwise BJP wont lose bihar election or delhi election.
I understand RAW has a big influence in affairs of BD, but please do understand its an arm of GoI, and it does what GoI wants there. Sometimes you lose perspective if you are victim of something, RAW is not all knowing all powerful entity that moves India. Its not even a good conspiracy theory.

 

[tsinga]

The announcement will be followed by a (Mamar barir abdar) Sovereign Guarantee from the GOB so that these Reliance will not have to spend a penny from its own pocket.

Sovereign guarentees don't work that way.

The guarentee relates to profit booking/tax reduction and/or other conditions. The company still has to invest its own money on the project.

In any case, these guarentees are required when a country is unstable or risky...like every Chinese investment in Pakistan is backed by Pakistan Govt's sovereign guarentee.

With BD progressing the way it is, I don't think it is required. Or if required I think it would just be a matter of a few years when companies stop being hesitant in making massive investments without guarentees.

 

[Jayhawk]

great news for India and Bangladesh

 

[TopCat]

Sovereign guarentees don't work that way.

The guarentee relates to profit booking/tax reduction and/or other conditions. The company still has to invest its own money on the project.

In any case, these guarentees are required when a country is unstable or risky...like every Chinese investment in Pakistan is backed by Pakistan Govt's sovereign guarentee.

With BD progressing the way it is, I don't think it is required. Or if required I think it would just be a matter of a few years when companies stop being hesitant in making massive investments without guarentees.

Well no company in the world except Indians asked for Sovereign Gurantee from GOB in the past (eg. Shahara asked for 84 billion dollar )

For your info :
Sovereign guarantee means if the company fails to repay its creditors then the GOB will pay. In that case Reliance will not have to invest it can just sell the Sovereign Guarantee to the international financial institution to get the money.

 

[tsinga]

Well no company in the world except Indians asked for Sovereign Gurantee from GOB in the past (eg. Shahara asked for 84 billion dollar )

For your info :
Sovereign guarantee means if the company fails to repay its creditors then the GOB will pay. In that case Reliance will not have to invest it can just sell the Sovereign Guarantee to the international financial institution to get the money.

1. No other company(foreign) has given an intent to invest billions of dollars in one go in industrial projects.
2.You last government - BNP - was so hostile to India, that had any Indian investment come without sovereign guarantee, the GoB would have spared no effort to ensure that the project fails and the Indian company loses money.
3. Companies that have asked for sovereign guarentees from GoBD are industrial giants like TATA and Reliance. For them, investment of billions would lead to sustained profits of billions, the sovereign guarentee only extends to recouping initial investment which from their perspective is peanuts.
4. I repeat, you don't quite understand what a sovereign guarentee is. It is a function of political or social instability. The reason why under CPEC, Chinese are taking sovereign guarentees that is literally ripping off Pakistan with an 17% assured profit from Govt of Pakistan.
5. As BD progresses further and its anti-India politics reduces, other companies will stop asking for it.

 

[TopCat]

1. No other company(foreign) has given an intent to invest billions of dollars in one go in industrial projects.
2.You last government - BNP - was so hostile to India, that had any Indian investment come without sovereign guarantee, the GoB would have spared no effort to ensure that the project fails and the Indian company loses money.
3. Companies that have asked for sovereign guarentees from GoBD are industrial giants like TATA and Reliance. For them, investment of billions would lead to sustained profits of billions, the sovereign guarentee only extends to recouping initial investment which from their perspective is peanuts.
4. I repeat, you don't quite understand what a sovereign guarentee is. It is a function of political or social instability. The reason why under CPEC, Chinese are taking sovereign guarentees that is literally ripping off Pakistan with an 17% assured profit from Govt of Pakistan.
5. As BD progresses further and its anti-India politics reduces, other companies will stop asking for it.

1) BD government does not extend sovereign guarantee not even to its state owned enterprises.
2) You dont understand sovereign guarantee except that you read some PK specific news report.
3) Indian companies should focus more on Industries in India. Even sanitation sector requires huge investment. I m sure Reliance will invest in anything if GOI extend sovereign guarantee to Reliance itself.
4) Even BD companies will be willing for massive investment in India if GOI extend sovereign guarantee to more efficient BD companies.

 

[tsinga]

1) BD government does not extend sovereign guarantee not even to its state owned enterprises.
2) You dont understand sovereign guarantee except that you read some PK specific news report.
3) Indian companies should focus more on Industries in India. Even sanitation sector requires huge investment. I m sure Reliance will invest in anything if GOI extend sovereign guarantee to Reliance itself.
4) Even BD companies will be willing for massive investment in India if GOI extend sovereign guarantee to more efficient BD companies.

As I said, guarentees are given where there is instability. GoI will not provide it because India garners tens of billions of dollars of foreign investment(apart from the Indian investment) annually.

Decades back, yes, foreign companies did want guarentees in India.

Lastly, Indian private companies are by definition 'private'. They can manage their own affairs competently. You certainly are not qualified to tell them, if you were, you would have been running a multi-billion dollar turnover company yourself.

Ultimately, it is the GoB's decision. They are also competent to make the cost-benefit calculations of such a move.

 

[TopCat]

As I said, guarentees are given where there is instability. GoI will not provide it because India garners tens of billions of dollars of foreign investment(apart from the Indian investment) annually.

Decades back, yes, foreign companies did want guarentees.

Lastly, Indian private companies are by definition 'private'. They can manage their own affairs competently. You certainly are not qualified to tell them, if you were, you would have been running a multi-billion dollar turnover company yourself.

Ultimately, it is the GoB's decision. They are also competent to make the cost-benefit calculations of such a move.

Unfortunately, sovereign guarantee was never the case for BD unlike India. BD companies are investing nearly 30% of the GDP from its own fund. Even foreign loans are highly controlled for the private sectors. BD is a strong and ultra stable country unlike India. So its very likely that GOB will ask for performance guarantee deposit from Indian companies. End of the day I am confident that there will be no investment from Reliance.

 

[jaunty]

Good, let's infiltrate more RAW agents in BD.

I wonder what is the current status of RAW crusader 100 which was unearthed by barrister @MBI Munshi

https://defence.pk/threads/raw-trained-crusader-100-in-action-in-bangladesh.174858/

 

[tsinga]

Unfortunately, sovereign guarantee was never the case for BD unlike India. BD companies are investing nearly 30% of the GDP from its own fund. Even foreign loans are highly controlled for the private sectors. BD is a strong and ultra stable country unlike India. So its very likely that GOB will ask for performance guarantee deposit from Indian companies. End of the day I am confident that there will be no investment from Reliance.

The only thing I am wondering is that why are you typing about BD companies investing nearly 30% of GDP on their own as though its something that will spite me. I am happy that BD companies invest that much and I find it idiocy that any person whose country - particularly one which is at the kind of developmental level that Bangladesh is - feeling happy over non-investment by foreign -including Indian - companies.

Lastly...Obviously there is a performance linked incentive as well as penalty plan for every company in industries like gas and power. There's nothing additional to add for 'Indian companies'. The contracts are worded in such manner as to ensure a minimum particular availability. There's no 'performance deposit' however.

The company is competent to manage its investments and Govt of Bangladesh is competent to manage the cost-benefit equations over whatever demands the company may have to the mutual advantage of the Country and the Company. At the end of the day everything goes to create investment and jobs in BD.

You seem like the kind of jamaati guy who hates India. It seems that I wasted my time over responding to you. To think there are idiots like you who think they can advise giants like Reliance over where or where not to invest.

 

[Archie]

And who does not know that Reliance is a major commercial arm of RAW?

You are wrong here

Reliance is not controlled by Raw, but their promoters are Members of the BJP and close friends of Namo
So anything they do has blessings of Namo and RSS