Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday, 23 January 2014

Delighted at Davos ?



P Chidambaram is delighted at Davos


All the foreign industrialists and businessmen he met , told him,



"  We have confidence in India's growth story


    We are bullish on India


    We plan to invest in India , in a big way  "



For fear of offending , what they did not tell him , is :


"  Everything depends upon who becomes your Prime Minister in April 2014


   We hope , he is Narendra Modi , who has promised to build,


  >   100 brand new Smart Cities in 5 years,


       =  20  new cities  EVERY  YEAR


       =   1  new city every  18  DAYS  



  We can imagine the inputs that India will need to build these cities


  For building same 20 cities per year , the Chinese are consuming 50 % of ALL  the steel produced in the entire World , EVERY  YEAR  !


And constructing a 5,000 MW coal-fired power plant  EVERY  WEEK 


And building 500 Km of new rail-roads  EVERY  MONTH 



Apart from steel , you will need millions of tons of



>  Aluminium / Copper / Cement / Ready Mix Concrete / Wood / Glass


>  Paint / Varnish / Chemicals / Tiles / Marble / Wires / Cables


>  Light fittings  /  Bulbs / Switch-boards / Towers / Pumps .. etc




And those millions of people who will occupy these Smart Cities , will need,



>  TV / Fridge / Washing Machine / Water Filter / Micro-wave Oven / Mixer


>  Fans / Air Conditioners / Cars / Scooters / Computers / Tablets / Mobiles


>  Furniture / Food / Garments / Clocks / Watches / Music System / Books



The lists can go on and on


Every year , you will need 10,000 additional factories to produce all of these


That is the only way you can raise contribution of Manufacturing to overall GDP , from current 16 % to 25 %


Which will create 10 million new jobs , year after year


Still short of population growth of 15 million every year  !


But to create just ONE new job , you will require a Capital Investment of Rs 1 million


So , every year , you will need capital investment of Rs 10 Million Million  !


We are ready with the money  !


Since UPA - 2 could not give us a Green Signal , we are now waiting for the
Saffron Signal  !



Mr Chidambaram ,


You said ,


> India's economy can certainly return to 8 % growth rate if mistakes of the
   past are not repeated



No doubt about that  !


People of India have decided NOT to repeat their mistake in April 2014  !


Verdict of the people of Delhi , was only a " Curtain Raiser "  !


Defeated in Delhi  /  Delighted in Davos  ?



*   hemen   parekh  (  24  Jan  2014  /  Mumbai  )


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