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 ?
Defeated in Delhi / Delighted in Davos ?
* hemen parekh
( 24 Jan
2014 / Mumbai
)