India is driving the narrative that it is a very attractive country for investment, with 1.4b hungry and young population that needs everything the world can offer. They need jobs, education, homes, infrastructure, toilets etc etc. And India is using its diaspora to paint a beautiful picture of India to gullible govts that have money but did not know what to do or where to put their money. The Indian diaspora has a field day, a great time, telling fictions of how great the investment opportunities are in India. Plentiful of start ups for angels and seed investors to gamble with OPM. Not to worry, the Indian govt will be very helpful, as long as you put the money in India, and think long term, and let India do whatever they want with your money. Never mind if losing money in the short term, just don't report it. And keep doubling down, surely one out of many would make money,...in the long, long term.
The smart western companies, including Japan, are running for their life. Beaten and cheated by the Indians many times and no longer trust the Indian govt. Even stupid China has learnt its lesson, after many Chinese companies have been robbed in daylight by fictitious and drummed up charges for violation of Indian laws that they changed everyday like changing underwear, or money laundering, tax evasion, whatever, just name it and the Indian govt would not fail to come up with it. The Indians are even more creative than the Americans. Those that are not complaining is because they did not know they have been cheated and still blur like sotong, thinking their money and investments are safe when they have become de facto Indian money and Indian assets.
India is a growing economy, with millions of talents, millions of start ups, millions of opportunities, come one come all, just throw in your money and the Indians would know what to do with them. Trust the Indians, or at least hope for the long term, 50 years, 100 years, or more. Gambling, oops, investment in India, is a sure win proposition. Listen to all the great Indian salesmen aka investment experts.
Ask the Americans and European companies, the Japanese companies, how much money they are making in India and why they are giving India a miss. Are they forming a beeline with cash to invest in India? Japan has a big contract to build high speed train in the long long term, never to be completed. Why?
I am also convinced that India is great place to invest, but not with my own money. OPM is ok. Caveat, never believe in anything when it is too good to be true. But suckers always think they are very smart, especially with OPM. And they can always fall back on long term, rebranding all failed and losing investments as long term investments. No one is wiser, except the Indians.
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The Dark Reality of INDIA !
https://www.youtube.com/watch?v=9lL0u9pc8YM
Japan is caught in the Indian rope trick and unable to extricate itself. That high- speed rail project had problems right from the start. The Indians insisted on using Indian steel, after the agreement was signed, which were inferior to Japanese steel and unsuitable, and gave the Japanese contractors a big Indian headache.
The acquisition of land was another problem that resulted in all the delays and adding to the cost that is piling up. The Japanese are already losing their pants now, and if construction delay compensation is figured in the contract, the Japanese are going to lose their underpants as well. They will find themselves naked in front of the world, for a project that was touted to be a walk in the park for the Japanese high speed railway construction expertise. It was indeed a blessing in disguise that China lost the tender for the project, otherwise China will be in the shoes of the Japanese right now.
Will the Japs just abandon the project like in other places? China must never take over such abandoned projects as they are just time bombs. They will blame China for the whole project if it does not measure up and refused to pay or ask for a huge price reduction. This is the Indian way of doing business.
Should I say, stupid countries love India?
An example of a stupid country can be found in South East Asia, just below Malaysia.
It is Temasek, right?
Samsung and Apple think its smart to have pool of cheap labour in India after US forced decoupling from China.
Now Samsung production faces lengthy industrial action and Apple faces production losses because of factory fire which never happened all the years it was in China. Apple now has to rely on China to help its Indian production.
After the bad experience of its Telco companies in India, the Chinese govt has ordered its EV companies not to invest in or deal with India.
India was enticing Elon Musk to imvest and after having promised India a visit, cancelled it and flew to China imstead.
A slap in the face of India.
There was also a fire in a Samsung setup in India I believe.
Cheap labor for flipping prata is easy to find. Cheap labor for high tech industries needs investments in higher education and the right choice of subjects to be of use.
For India, it is about reinventing the wheel, as India's education system had been geared towards a service-oriented economy of call centers and the like, not in engineering. Moreover, India's economy is still centered on agriculture, said to be 60% dependent on agriculture. To change that is really a big mountain to climb.
India will develop, but it will take a long long time. Forget about emulating China, rising from the ashes in 30 to 40 years. It will not happen in India, the largest democracy in the world.
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