Foreign investment in construction

As in many other matters, Prime Minister Modi and BJP have started to behave contrary to their earlier lectures on FDI (ie Foreign Direct Investments) policy also. The BJP's problem is that it loves communism and is enmity with capitalism, has close friendship with the elite capitalists and wants to punish those who create excess wealth in the country, while opening a huge lion's gate, the same BJP also welcomes foreign capitalists grandly. Such a clamor of contradictions in their own ideologies is rarely seen in the ruling party of any country! The Prime Minister announced the new revised FDI policy a long time ago, but the time for its impact is beginning now. In the indirect assurance given to the people by the central government while declaring, it has said about the increase in employment. It's ridiculous because what's the point of five people getting jobs against Sony after many people's businesses go bust?

Now there will be chains called retail chains in India. It won't take long for the swarms of locusts to arrive. If you look at Swadeshi itself, when a shopping mall opens, at least 30-40 grocery shops are hit. Now foreign retailers chains will come so local retailers will be lost very quickly. It will be difficult for them to survive the competition, as the national chain retailers are buying such huge quantities of goods from the manufacturing companies that their margins will be very low. Also, sometimes during the year manufacturers give goods at additional concession to clear their stock. Foreign companies will also swallow the benefit of it. The NDA government, which has made a futile effort to trace the Indian money that has gone abroad, has now created a pattern of giving freedom to foreign companies to move Indian money abroad through their profiteering.

Common people may find it difficult to understand the FDI chapter. So far, the BJP-led NDA government at the center was accused of being a businessmen's friend of the country, but the new FDI policy shows that the incumbent government is going to be a friend of businessmen across the world. The government has allowed up to 100 percent foreign investment in the defense sector. In this too, like Rafale, there is a possibility that the government will remain oblivious and there are also fears of new threats. An argument is also being made that there is an urgent need for FDI to meet the ongoing huge shortage of defense materials in the country. The approval process that allowed private security services to invest up to 74 percent foreign investment will also create new social risks.

The government has also lifted the rule that earlier it was necessary for the companies that come here for foreign direct investment to take the approval of the Reserve Bank for creating assets on the pretext of their offices in India because they are foreigners, so a new forest of assets owned by those companies will arise all over India. Indian people may say to Prime Minister Modi that 'Aap to Aise Na The!' Or 'Aray aap to attuk badal hi gaye ho!' No wonder then because today's Prime Minister Modi is introducing one policy after another that is very different from the previous political leader Narendra Modi, the latest shocking chapter being FDI.

As demonetisation came as a shock to the public and GST to traders, its immediate repercussions flowed, but the FDI wound runs deeper. And it will take time for people to understand that shock, by then foreign companies will have established a foothold in India. Foreign companies will now come to India in real estate trading as well. The common man, which the BJP has repeatedly repeated in Gujarat and Delhi, is now rarely considered by the government in its new initiatives. Finance Minister Nirmala Sitharaman's waves which were harming the country's economy have now directly harmed public interest universally. A video clip of Prime Minister Vani Vilas opposing FDI is doing the rounds on social media and channels these days. In it, the Prime Minister himself has said that 'Hey Prime Minister, what are you doing?' Today it is the turn of the citizens of the country to ask the same question.