Handful of groups investing in India; low consumption growth a concern: Parth Jindal
Sajjan Jindal’s son’s 35 -year -old Parth, in his statement to journalists, believes in cement, steel, harbor and sports, and believes in the growth potential of India and will invest in US $ 50 billion in the next five years.
“You have a handful of people investing in India today. We need more democratization. We need more democratization. We need more MSME to invest. Everyone needs to invest.”
It can be stated that some other industrial captains, including billionaire banker Uday Kotak, expressed their concerns about investments made by several groups in the past.
He thinks that the JSW group has invested in their business, that Jindal, the president and general manager of the Group, announced that his father Sajjan Jindal has invested $ 60 billion for five years, that the group executives were peggings in US $ 40 billion and would be US $ 50 billion.
“We believe it is an incredible potential in India, the potential to export from India, and also really … A plus strategy in China,” Jindal Family Scion said. Jindal chose to choose or pay for other private companies on the investments of the more sought -after capacity to add to the growth driving force. Private companies have strong balance sheets, but they do not invest, adding that the government is “amazing” about this phenomenon, because the foundations of the economy are very strong.
Stating that production should increase in India, Jindal pointed out that land acquisition and business laws are deterrent to invest.
“(Tribal land, SC (planned caste) land, st (planned tribal) land, OBC (other retrospective classes) land. So, it is very difficult for any foreign company to arrive and even come to think of an attempt.”
The government has made a lot of reforms, and its arms like Niti Aayog investigates how it can be reversed.
Jindal also marked concerns about sagging consumption growth in the country and said that there was a “two indias story” spent by the top 20 Crore people in the country.
“… This is almost two indias.
Jindal said that JSW Group looked at production as a core force, and that he could put a large plant from obtaining a piece of land here to establish a plant.
The group said it would list the e-commerce arm JSW One or JSW MG engines in the next two years.
