When Marxists Did Not Spare even Tata!

When Marxists Did Not Spare even Tata!

Tata

Among the key developments of the last decade has been the weaponizing of the routine It could be trade , tourism , connectivity or finance . As a result, everything needs to be hedged against now. Such anxieties have also fed into supply-chain concern. The age of political agnosticism has effectively come to close. (Page-51, Why Bharat Matters : S Jaishanker).

Now Just recall the moment when in 2007 Tata Steel company acquired British steel company ‘Corus’ , leaving behind China and other companies of the world. China , though, was outdone in acquisition fray, however it still had more arsenals in its sheath to bleed opponent. As Jaishankar says, deploying its most trusted weapon of Marxism fed Labor Union operative in Britain, it made the path ahead of Tata most difficult to tread on. As we are habitual of seeing in India, raising the noise of ‘violation’ of environment norms and human resources , the Left-ecosystem did not let the operation to take-off for a long time. Thankfully, Company somehow manage to start the work, tiding over all the hurdles, and with acquiring loan from TCS to meet out the loss incurred due to derailment caused by the Union leaders.

Tata, however, had shown the world that if determined, the success somehow is bound to make its way to make the reach to you. It is owing to this acquisition that today the Tata steel is one among the leading steel manufacturing companies of world.

Be it in China or America the boom in economic growth that the world saw happened owing to the shared contributions of wealth creators there. Once crude oil business was under the monopoly of Rockefeller family; so was the steel manufacturing under the Andrew Carnegie’s.

While it was JP Morgan that held sway over railways-roads and airport sectors. It is told that it was due to his farsightedness that connectivity got the immense boost, as also the industries there of. Moving ahead, Morgan even acquired Carnegie’s steel company. This is considered to be the biggest deal ever amounting to be as high as of 2 billion dollars. Soon JP Morgan emerged to have been the US lifeline, and world’s biggest banker more so.

However, the then US President, Theodore Roosevelt, had been strongly opposed to JP Morgan. But in 1907 as the US economy got badly hit with economic recession , the emerging scenario brought the turn in the relationship between them two. Knowing the clout JP Morgan had in the capitalists-fraternity, Roosevel made the approach to him , seeking his helping hand.

Among one of the leading figures that contributed in industrial revolution was JP Morgan. Using his influence he exhorted the financers, industrialists and rich politicians to pump the money in the banks. His advised was followed , and country came out of the peril.

Today a section of the people here in India indulged into sniffing their opportunities in the harm of the country, ignoring the ways of the world. The wealth creators are categorically under their target. For the development of the country that how much people have to be alert against this that the economic history of US tells us. And the same S Jaishankar wants to bring into the notice of the country.

Image sourced from Google.

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