The rich dominate India

  There are two well-known “Asia’s richest men” in India, one is Gautam Adani and the other is Mukesh Ambani. People often link their names together and call them “Adayou Ambayou”, which sounds playful.
  It is often said: “The Modi government is dedicated to serving Adayou and Anbayou.” Whether this statement is correct or not, “Adayou Anbayou” is a symbol of power, corruption and luxury in India.

  ”Anba You”‘s home in Mumbai is a cultural benchmark for India’s emerging wealthy class. I remember when I went to Mumbai for the first time, the tuk-tuk driver suddenly pointed at a strange building that couldn’t be seen from below, and excitedly told me that it was “Amba your home”. In broken English, he was talking about something exaggerated in the house.
  The mansion is called “Antilia”, which means “Island of Phantoms”, and has a market value of $1.5 billion. “Island of Phantom” has a 27-story building, a 6-story parking lot, 9 elevators, and 3 helipads. In addition to the sky garden, swimming pool, football field, and gym, there is the famous “Igloo”, which allows the rich family to enjoy the cold of winter in the hot Mumbai summer afternoon.
  ”Adayou Ambayou” are all from Gujarat. After the Ambani family made a fortune, they chose to settle in Mumbai, a metropolis that symbolizes modernity and trade. The newly-appointed Asia’s richest man, Adani, is more “on the ground” and has been staying in Ahmedabad, the capital of Gujarat.
  Gujarat is a large protrusion on the western coastline of India, adjacent to Pakistan and close to the Persian Gulf. It has a coastline of 1,600 kilometers and has long been the settlement of businessmen and immigrants. In the 7th century AD, Zoroastrian refugees who were persecuted in Iran, commonly known as Zoroastrianism, fled here and took root to form the Parsi community, which became an important merchant class in India.

Reliance Group President Mukesh Ambani

  Mahatma Gandhi was a Gujarati man who went to England to study law and practiced in a South African firm.

  In the colonial seafaring age, mastering port transportation was equal to mastering the golden vein. In 1608, the East India Company established its first “factory” trading post in the coastal town of Surat in southern Gujarat, with warehouses full of silk, indigo dye and saltpeter waiting to be shipped back to England by galleon. Since then, more modern factories have developed in the city, and almost all the diamonds in the world are imported here for cutting, polishing and re-export.
  During the British colonial period, with the blue British and Indian passports issued by the United Kingdom, the Gujaratis traveled all over the world, and they have a special spirit of trade and adventure. Mahatma Gandhi, the Indian independence hero, is a Gujarati. He went to the UK to study law and practiced in a South African firm. He encountered serious racial discrimination in South Africa and began to embark on the road of mass movement. Today, the chants of Gujarati temples can still be heard on the streets of Nairobi and Dar es Salaam in East Africa.
  In the United States, about a third of motels are owned by families of Gujarati descent. Gujaratis are also nicknamed “Gujjus” by Indians, and they are both love-hate businessmen. The story of “Adayou and Anbayou” is a good example of Gu Jiu.
The rise of two families

  Mukesh Ambani’s father, Drubai Ambani, was born in a poor village in western Gujarat. As a teenager, he went to work in Aden, a British colonial port in Yemen. At first, he tended the Shell Oil Company’s front yard, and then worked as an office clerk, where he learned the trade. Eight years later, Drubai married and gave birth to a son. He returned to his hometown and settled in Mumbai to start a business.
  In the 1950s, Droubai founded the “Reliance Industries” that would make his family wealthy, starting out in the yarn trade, importing polyester and exporting spices. Despite everything going well, their lives are still poor. Mukesh Ambani spent most of his childhood living with his three siblings in cramped cheap housing known as “chawls” in the impoverished district of Mumbai. He probably had no idea at the time that one day he would build a “Dream Island” comparable only to Buckingham Palace.
  The socialist system and regulations of the Nehru era were not conducive to businessmen getting rich quick. Yet Droubai knows how to build a good relationship with Delhi’s bureaucracy and politicians. His philosophy is to manage up and down, and even the gatekeepers have cultivated them carefully. Gradually, favorable regulations and licenses for Reliance Industries “mysteriously appeared”, and with God’s help, he successfully entered the textile industry and opened a giant polyester factory.

The current Asia’s richest man Adani (left) and Indian Prime Minister Narendra Modi both made their fortunes in Gujarat, and they worked together to create the “Gujarat Model”

  A self-proclaimed “populist”, Drubhai became an icon for India’s first generation of retail stock investors when Reliance Industries’ shares went public in 1977, and shareholder meetings were held on football and cricket pitches. However, despite his ability to manipulate the bureaucracy, he is still very annoyed by the constraints imposed by the state. Veteran media personality Arun Shuri once praised Drubhai for “exposing the corruption of the Indian bureaucracy” after his death. “They created world-class companies by going beyond the norms that should surround them, and using themselves as a case to make the norms abolished step by step.”
  The reform and opening up of India in 1991 officially removed institutional constraints for the big capitalists, which meant freedom Import and export and expansion. When Mukesh took over the family business, Reliance Industries had expanded into countless fields, from petrochemicals and oil refining to energy and telecommunications, and there was no place Reliance did not get involved. Therefore, there is a joke circulating among the people: “The history of India after independence can be summed up in one sentence – from self-reliance to ‘reliance’ (from self-reliance to Reliance).”
  In recent years, the wealth of the Ambani family has been overtaken by Adani. Just this year, Adani overtook Bill Gates to become the richest man in Asia and the fourth richest man in the world.
  Born into a family of ordinary textile merchants, Adani dropped out of college to venture into the Mumbai diamond market and soon returned to Gujarat to work in a small plastics factory run by his brother. At first, he was just an unknown little person, but in less than 10 years, he became a self-made super rich in India.

  Adani’s business empire took off after Modi became Gujarat chief in 2001. The two of them are very rustic, and they are very compatible. They are both from ordinary backgrounds and do not have much cultural capital of high castes. Neither of them are good at English, nor are they good at dealing with the media.
  Both Adani and Modi made their fortunes in Gujarat. They worked together to create the “Gujarat Model” focusing on infrastructure construction, attracting foreign investment and developing export industries. They are also representatives of the privatization of public assets step by step. The political and business parties, while releasing, take over; while earning votes, they earn money. Modi and Adani usually do not deliberately hide their symbiotic and friendly relationship with each other. Adani has his own fleet of private jets. During Modi’s campaign for prime minister, it was Adani’s plane that carried him through India.
A bipolar world of rich and poor

  India began to establish “special economic zones” in 2000. Adani has obtained the land and development rights of Mundra Port, and “Adani Port Special Economic Zone Company” will build Mundra into India’s largest private commercial port within a few years. The Mundra harbour is deep enough to attract the world’s largest cargo ships, giving it a huge advantage over the rest of India’s west coast.
  On the import side, Adani focuses on coal, containers and crude oil, and exports everything from cars to bauxite to iron ore and timber. To make the port operations more efficient, Adani built a 60-kilometer private transport line to connect to India’s major railroads. In India, most public ports take days or more to unload a ship, but at Mundra Port, cargo can be completed in one morning and can handle 100 million tons of cargo a year, breaking a shipping record in India.

Adani-built port of Mundra is deep enough to attract world’s largest cargo ships

  After the construction of the Mundra port, Adani went on to buy and build 6 ports across India, making him the largest port owner in all of India. His industries are extremely diverse, investing in power generation and developing renewable energy such as solar energy. In Australia, near the Great Barrier Reef, Adani has built a controversial mining and shipping complex on a scale that has drawn protests from environmental groups around the world. Adani’s other related enterprises develop various parks and import diamond raw materials and edible oils such as soybean oil, sunflower oil, and mustard oil. He even dominates the fruit segment, with Adani being the largest apple supplier in India.

  During Modi’s campaign for prime minister, it was Adani’s plane that carried him across India.

  In 2018, the Modi government decided to privatize six Indian airports, loosening regulations and allowing manufacturers with no experience in airport operations to bid. Adani, who knew little about airports, was the biggest winner. He won the right to operate all six airports, causing a national uproar. Kerala’s finance minister said Mr Adani’s winning a 50-year lease to operate Trivandrum International Airport was a “brazen government-business collusion”, a stark display of the central government’s preference for the tycoon. India’s aviation minister replied that the open tender process is completely legal and transparent.
  Adani announced at its shareholders meeting on July 26 that the Adani Group will invest $70 billion in the green energy transition, boasting that it will “rebuild India’s energy footprint in extraordinary ways”. Adani is now one of the world’s largest solar developers, and he wants to go one step further to turn “green hydrogen” into the renewable energy that will dominate the world in the future.
  In India, where the epidemic is raging, unemployment is rising, prices are skyrocketing, and people are miserable. To make matters worse, in early July, Modi announced that he would impose a 5% tax on all basic household items, including flour, rice, yogurt, and even inpatient wards, and health insurance would also be subject to a tax of up to 18%. Every move of the Indian people, as long as they live, eat, or even lie in a hospital bed, the government will tax them.
  Amid plague and tyranny, Adani rose on the world stage. It’s hard for me to imagine what kind of “regeneration” of life that investment in renewable energy can bring to the people of India.

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