Industrialists play pivotal role, not afraid of being seen with them : Modi


Lucknow, Jul 29 (IANS): Hitting back for the first time at critics who questioned his perceived friendly relations with corporates, Prime Minister Narendra Modi on Sunday said that unlike "some people" he was "not afraid of" publicly standing beside industrialists and business magnates because his intentions were "noble".

He said industrialists too contribute to nation building and it was not right to label them all as thieves but those who do wrong "will have to leave the country" or live in jail.

"We are not the people who will be afraid of standing beside industrialists. You would be knowing some people (who are such) that you would not find a single photo of them with an industrialist/businessman. But there is not a single businessman in this country who would not have gone to these people's places and bowed to them in reverence," Modi told a government-industry interface here as he inaugurated several development projects for Uttar Pradesh.

"If your intentions are noble, you won't be tainted no matter with whom you are standing," Modi said, adding that Mahatma Gandhi never had any qualms about living in the Birla household.

The opposition has been targeting Modi over his picture at Davos economic forum in January this year with fugitive diamondtaire Nirav Modi who is at the centre of multi-thousand crore Punjab National Bank (PNB) scam besides the Prime Minister's perceived closeness with another fugitive, Mehul Choksi, whom he once publicly addressed as "Mehul bhai".

The opposition has also been critical of Modi government's inaction while persons like Vijay Mallya, Nirav Modi, Choksi, Jatin Mehta and Lalit Modi easily flew out of the country after being accused of committing huge financial frauds.

The Congress has of late also targeting Modi for allegedly giving the offset contract in the Rafale jet deal with France to "one of his corporate friends" at the expense of state-owned Hindustan Aeronautics Ltd.

"Mahatma Gandhi never hesitated standing beside (Ghanshyam Das) Birlaji because his intentions were right. But those who do things behind the curtain and wish not to be seen publicly (with corporates), they are afraid," Modi said.

"Just as much as the labour of a farmer, an artisan, a banker, a government employee or a labourer goes into the making of the nation, the efforts of industrialists too have a role in nation building. Should we insult them, call them thieves and robbers? Is this the way?

"But yes, whoever (among corporates) does the wrong, he will either have too leave the country or live in jail. This would not happen earlier because a lot happened behind the curtains then."

Pointing at former Samajwadi Party leader Amar Singh, who was in the audience, Modi said that Singh can give details of many such deals of "those people".

"Do people not know who is flying in whose plane?" Modi said with a sarcastic smile.

Also laying foundation stones - by signing a brick and placing it in symbolic brick foundation - of 81 projects worth some Rs 60,000 crore whose MoUs were signed at the UP Investors summit, he lauded Chief Minister Yogi Adityanath for making this happen in a period of less than five months.

State Industry Minister Satish Mahana thanked investors for partnering into the initiatives of the state for development and prosperity.

Kumarmangalam Birla, Chairman of the Aditya Birla Group, assured UP of full support as his company expands its foot print in the state, while Gautam Adani, the founder and chairman of the Adani group, said the 2,000 MW Ghatampur power station which will supply Kanpur, Hapur, Agra and Greater Noida will be completed much before the 2021 deadline.

Chairman Emeritus of the Essel Group Subhash Chandra spoke about the big investment of his company in e-rickshaws, while Yusuf Ali, chairman of the Lulu group which owns the largest chain of malls in the UAE, said that 35 per cent work on the Rs 2,000 crore mall he was constructing in Lucknow - and would be the largest in north India - was complete and similar malls would also come up in Varanasi and Noida.

  

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Comment on this article

  • Rahul, NY

    Tue, Aug 21 2018

    True. We tried socialism only to remain a third world hellhole while other nations zoomed past us in prosperity. In any case it industrialization not agrarianism that generates wealth and creates jobs.

    DisAgree Agree Reply Report Abuse

  • Ruben Pinto, Mangalore/Australia

    Mon, Jul 30 2018

    I agree with Modi on this. we tried socialist policies under Nehru and we fell back as compared to Korea, Taiwan, Japan and now China. A strong industrial base generates prosperity as compared to agrarian base

    DisAgree Agree Reply Report Abuse

  • SMR, Karkala

    Mon, Jul 30 2018

    When PM Modi praise crony capitalist for the for pivotal role, Just weeks after Ramdev’s Patanjali astonishingly held Narendra Modi’s demonetisation announcement for the adverse impact on its growth, Videocon too has now blamed the prime minister for company facing bankruptcy.

    Videocon is also embroiled in Rs 3,200 crore scam involving ICICI Bank’s CEO Chanda Kochhar, who is alleged to have favoured Videocon Group in its lending practices.Videocon’s Venugopal N Dhoot had also allegedly donated Rs 11.1 crore to the BJP.

    Who’s at fault for Videocon Industries Ltd.’s Rs 39 billion ($579 million) debt pile? The Indian maker of consumer appliances is casting the blame on Prime Minister Narendra Modi’s November 2016 cash ban?
    Modi government waived the Rs 72,000 crore bank loans of Adani group companies while waiver of loans for the entire farmer community in the country was Rs 75,000 crore. In the last three years, waiver of bank loans to the corporate sector touched Rs 6.8 lakh-crore. 70 per cent of loans waived were of corporates.
    For PM Modi farmers who feed the nation don't play pivotal role, but corporates who sponsore for his party fund does so.
    Jai Hind

    DisAgree [1] Agree [2] Reply Report Abuse

  • Eric Coelho, Mangalore

    Sun, Jul 29 2018

    Definitely, Industrialist pay pivotal role like Lalit Modi, Mehul Choksi, Mukesh Modi, Venugopal Dhoot, ICICI Bank Chairman, failure of IDBI, Reliance loot, Adani Loot, Mukesh Mallya loot and so on. So for PM of India this is acceptable. So in real sense it is not Hardwork that is important but Hardloot is important for PM of India. PM of India is losing his balance in making statement resulting in having a loose tongue.

    DisAgree [2] Agree [12] Reply Report Abuse

  • Dr.S.Kamath, Mumbai

    Sun, Jul 29 2018

    Every one needs jobs
    Jobs are created and nurtured by Industrialists only
    Many those who are commenting here against them also are working for one or other Businessmen
    Still cry against them
    Great Chanakya said never live in a place if there are no Rich businessman and one Doctor
    Great Chatrapati Shivaji Maharaj said Businessmen are like Crown Jewels of my kingdom .He always used to support them

    DisAgree [14] Agree [5] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Sun, Jul 29 2018

    Dr Saab,
    Without countering your, let me enlighten to delight your facts..,

    The irony is that the industrialist those who stand next to our honorable PM, are getting high immunity from federal investigative agencies...,

    One more point is - all these industrialist are heavily indebted to Hindustan's public sector banks...,

    As per published financial report (Group include all companies under their control)-

    Reliance (Mukesh Ambani Group) : More than 180,000 Crores
    ADG (Anil Ambani Group) -More than 100,000 crores
    Videocon (Venugopal Doot) - 30,000 crores
    Essar (Ruia) - 75,000 crores
    Gitanjali Gems (Mehul bhai + Nirav Modi) - 12,000 crores
    ADANI (Gautam Adani Group) - 100,000 crores
    Alok Industries (Jiwrajka) - 22,000 crores


    Must take note of the few above big Gujarat based Companies..., accumulated their aggregate borrowing under various group companies over the years specially since 2002...,

    No idea what prompting our honorable PM Modi to stand along side these indebted industrialists....!!!!

    only speculators.., borrowing & diverting their money...,

    Hindustan govt must check with tiny nations like St Kits & Navis, Antigua to know how any Hindustani's got their passport under investment route...,

    the above data is available in the public domain.., Nothing un-official about it...

    talking only about DOMBARATA....!!!! to keep bhakt's in cheerful mode...!!!

    DisAgree [2] Agree [4] Reply Report Abuse

  • Peacelover, India

    Sun, Jul 29 2018

    If thats the case, why you don't mention this in your election rallies! In election rallies you always utter only one word GAREEB !
    You want gareeb only for votes, and rich to fund your election campaigns. From the day one all your efforts are ON HOW TO WIN NEXT ELECTION AND GRAB THE POWER.

    DisAgree [2] Agree [13] Reply Report Abuse

  • Sunil, Udupi

    Sun, Jul 29 2018

    He can ask Netanyahu to request Mossad to target Nirav Modi, Mehul Choksi and a few other gujjus who have flown the coop and will never come back to India...but he won't!

    DisAgree Agree [10] Reply Report Abuse

  • geoffrey, hat hill

    Sun, Jul 29 2018

    But his absconding corporate friends didn't leave the country empty handed, they did with thousands of crores of tax payers' money with the intent of living happily ever after and now they are acquiring passports and nationalities of their choice. How this is possible if our leader was really world leader ( as bhakths claim) with 'noble intentions' as he himself claims?

    DisAgree Agree [13] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Sun, Jul 29 2018

    Ambani and Adanis are playing great roles..

    DisAgree Agree [14] Reply Report Abuse

  • DON, Udupi

    Sun, Jul 29 2018

    Friendly relations with corporates by Prime Minister Narendra Modi exposed his double standards and his weakness to attend the needs of the downtrodden and the poor.

    DisAgree [2] Agree [12] Reply Report Abuse

  • Swamy, Mangalore

    Sun, Jul 29 2018

    The nation agrees that farmers play the most vital role in the country but you order police firing on thier demonstration then comes the middle class, monirities , Dalits etc. Why you are not seen with them???. Industrialists are few ultra rich and influential people why you are so concerned with them????...

    DisAgree [1] Agree [13] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Jul 29 2018

    Some people like Nirav Modi & Mehul Chokshi have back stabbed him ...

    DisAgree Agree [14] Reply Report Abuse

  • William, Mangalore

    Sun, Jul 29 2018

    Why are you afraid of being with farmers and down trodden.
    Are they not playing a pivotal role.

    DisAgree [1] Agree [14] Reply Report Abuse


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