Chapter 166: Fighting in India
This is how people evaluate the relationship between fairies and India: without fairies, India would have to grope for a longer time in the economic crisis, and it will take more years for the economy to recover; Without India, Fairy would not have been able to achieve its grand strategy of internationalization. From this, we can see the interaction between fairies and India.
It can be said that during the entire economic crisis, the fairy is the only world-class consortium that invests in India on a large scale, and he is also the most favored by the Indian government among the world's major consortiums, the fairy has made an indelible contribution to India's economic revival, India has provided irreplaceable advantages for the development of the fairy, until many years later, the fairy's investment in India is also supported by the preferential policies of the Indian government! This is a rare example of cooperation in the history of the world economy, the fairy is a successful business partner, and India has given enough attention and trust to a business company, and the two sides have sincerely cooperated to achieve a miracle in the history of the world economy. The fairies can proudly say that they saved the Indian economy, and India can also say without shame that the fairies deserve what they deserve and deserve the preferential treatment of India. As for whether they are fairies or Western stars, the Indians all regard them as Lee's.
Fairy's first investment in India was made in September 36, when the economic crisis was very serious, and it took over the shares of Maxim Credit held by Hughes of the United States, occupying 80% of the company's controlling shares, and this fund was paid in a lump sum, and this was also the only one-time payment acquisition of Fairy's investment abroad. In its subsequent investment and acquisition activities, it is half and half paid, although each delay is not long, mostly about half a year, the fairy's explanation is that the bank interest is heavy, because the company has not enough reserve funds for acquisition activities. From the beginning of 37, the fairy carried out its historic gambling activities, in less than three years, a total of 1.14 trillion yuan in loans, all four-year long-term loans, from the Deutsche Bank, the Bank of China, the Industrial and Commercial Bank of China a large number of loans, she put the fairy's companies in the bank mortgaged, before and after the bank at least nine times. According to statistics, in October 39, the fairy headquarters held a total of nine loan contracts from three banks, which is the largest loan of major companies during the economic crisis!
During the economic crisis, Fairy set a number of industry highs, first of all, she invested the most funds, with a total investment of more than 3 trillion yuan, almost equal to the total investment of the remaining nine large consortia in the top ten! Secondly, the amount of loan funds is the largest, with long-term loans of more than 1 trillion yuan, which makes her easily top the industry. Third, she has acquired the most companies, and almost all of the world's giants in the three major industries of electronics, biotechnology and new materials have been operated on by her. Fourth, and the most risky, she has made India, which is almost a mess of the economy and avoided by the world's major companies, as her treasure. Fifth, it is also unanimously recognized that this economic crisis is an opportunity for fairies, one of the best companies in the industry to grasp the opportunity, and the company with the greatest harvest!
The fairy has just made an investment in India, and there has been an event that has caused headaches for all countries in the world, and the governments of the world have been forced to "pay" for the fairy, and the fairy has also "lived up to expectations" to stabilize the situation of the world economy, this kind of battle, is also a very rare phenomenon in previous economic crises! While people were turning their attention to Europe for fairy investment, she took a false shot and plunged headlong into India, where large companies had fled, and thus began a long-lasting "intimate kiss" with the Indian government. The fairy's investment in Europe is not eye-catching, but her investment in India has caused widespread controversy, at that time, there was a review titled "The fairy is crazy", which shows how people do not understand the fairy's investment in India, and even Indian economic commentators think her move is a "dangerous gambling game"! It is within the fairy, this investment strategy has also caused a lot of criticism, but all the criticism, doubts or suspicions can not stop the pace of the fairy's progress, to be precise, it is the persistent belief of the fairy legend boss Li Mengze, he not only wants to invest heavily in the Indian market, but also sends several of his children to India in turn, this determination, this will, even Indian entrepreneurs are heartbroken, ashamed of themselves. The fairy goes against the tide of the world, rises against the wind, and wins to convince all his opponents.
At the beginning of the economic crisis, the book funds of major companies in India have been withdrawn, and at least 40% of the book funds of the company's finances have fled; In the face of the Indian government's directives, major companies have disobeyed the law, a large number of layoffs, to retain the company's recovery vitality, it is really not possible, in India to transfer funds, some companies have negotiated restructuring, the purpose is of course to put the funds together, which makes some companies have almost no book funds, while other companies have surprisingly large funds on their books. After the relevant decrees of the government*, many workers were forced to lay off, and the Indian government and international companies launched a siege war, which was laborious and thankless, and industrial workers were still unemployed from large companies one after another, becoming a burden to the Indian government.
For many years, India has not made large-scale financial reserves in order to catch up with the world powers, and recovery measures have not been implemented under the conditions of the economic crisis...... The worldwide economic crisis stopped the overall large-scale decline from the second half of '37, and India did not stop the pace of decline until the end of '37, which strengthened the belief that major companies fled, and no one was optimistic about the Indian market. After a serious economic crisis, when will India, which is full of bureaucracy, achieve economic growth and return to pre-crisis levels, and how many years will it take? People are not optimistic about the prospects of the Indian government's ability, not to mention, if India's economic crisis passes, the country is extremely short of funds, will not ask everyone to invest, in this world, rich is a mother, no one is a fool, can not distinguish the importance of this? Governments around the world are trying to revive the economy, so let India be poor! When everyone recuperates, India is not theirs! In the face of the call of the Indian government and the market, major companies have pretended to be deaf and dumb and ignored them at all, but India is not so easy to bully, and the world's largest companies will pay the due price for this!
The Indian government itself has limited financial reserves and a large population, and it is waiting for the government to come to help. In the general election of the prime minister held in the autumn of 35, no one was willing to take office, and the obvious things were a mess, and they couldn't be taken care of at all...... India also knows its own affairs, and she cannot compare with its neighbor China. The government of country Z already has abundant capital reserves, and the private savings are relatively abundant, and there are many of the world's top companies in China, and they have to engage in the "Far East War" with Japan, South Korea and North Korea, so it strictly restricts the start of work by international companies in China and vigorously supports the production of domestic companies. At this point, the Indian government is self-aware, and it can't compare, so don't restrict the production of international companies! As a result, the Indian government was the first in the world to license the production activities of international companies, and as long as you hand over half of your profits to the government, you can just produce! But two months later, the companies that started work have stopped doing it again, what's wrong, it turns out that India's originally huge market has become extremely small, coupled with the transportation system tends to collapse on the verge of collapse, the products produced are either not sold, or can not be shipped out at all, then they are not looking for death, and many companies that have started production have been worse, the situation is not good, the companies have to stop production again. The problem is that major companies that have seen through the mysteries of the Indian market have started to lay off more workers on a larger scale, pushing more workers into the ranks of government relief, according to the figures, the proportion of layoffs in India is the highest among the major international companies in the world. This move is ruthless enough, and if it goes on like this, even if the Indian economic crisis lasts for three or five years, the companies of the big companies in India will not lose their vitality, at least the losses will not be too ruthless. For this point, the Indian government is full of anger and encourages large international companies to resume production, domestic companies have complained, and most international companies do not appreciate it.
In the early days of '37, some time before the Chinese New Year, the Indian government enacted an Anti-Discrimination Ordinance. This regulation is also quite ruthless, at least it has stimulated the nerves of many large companies, so that their layoff activities have been partially restricted. The Indian government has made it a rule that international companies investing in India that lay off more employees in India than their counterparts in Europe, China, Japan and North America will be considered "discriminatory" by the Indian government and will reserve the right to take further action against such practices. As soon as this regulation was announced, it immediately caused a strong reaction around the world, and everyone complained and commented one after another, opposing the Indian government's move, arguing that the current situation of Indian companies was not caused by them, and the government should be responsible. The major companies do not want to sell their companies, nor do they want to spend money to feed India's industrial workers, but the Indian government has not compromised at all, claiming that if it does not increase the proportion of Indian workers, it will impose severe sanctions on the companies.
In the face of this situation, large companies with different conditions and situations have taken different measures, and large European companies have maintained a "gentlemanly demeanor", because their own property losses in Europe are not fatal, and they still maintain a certain illusion about this large market in the East, so most companies have met the requirements of the Indian government, and of course, they have quietly laid off employees in Japan and China. However, the large companies in the United States and Japan are different, the United States itself has been seriously damaged, and the domestic market is also in urgent need of funds to save it, and there is no way to come up with funds to "save other people's markets", especially India, a messy and chaotic market, and it is impossible to maintain the same proportion of employees in India as in European and other markets, and it is not even willing to be at the same level as China, while Japanese companies are even more desperate. Because the whole country wants to attack China unanimously, a large number of companies have accumulated funds that have been used in domestic companies, and even the funds of companies in Europe and the United States cannot be allocated, not to mention these industries in India, European and American industries may still be producing, or can resume production earlier, but India, "God knows when it will no longer lose money"! Although the American and Japanese companies are powerful, they are still at a disadvantage in India, and they can't be the opponents of a country's government!
Some people say that it was the fairies and the Indian government who conspired to take away the Indian industries of the big companies, and there is some basis for this. When the Indian government is in a tight relationship with the world's large companies, China's fairy company abandons the European market and goes straight to India, the purpose of which is, of course, to acquire, relying on the financial resources to make a strong acquisition, which forms another strong force in the Indian market! First of all, the existence of fairies has made the Indian government find a glimmer of light, at least there are still people willing to come to India to invest, so that they are not afraid of tearing their faces with the world's large companies, forcing many large companies to withdraw some of the dismissed workers, under the pretext of "staff training during the economic crisis", saying that in the past, "busy with production, there was no time for staff skills training", and now they finally have time, "step up training", sharpen knives and cut firewood. This has led to a divide between the big companies, and the Indian government is of course the best aware of this, seeing it in its eyes, rejoicing in its psychology, and remembering this great favor.
Secondly, the existence of fairies has also given an opportunity to the large Japanese and American companies that are in difficulty, unlike their European counterparts, they are bent on getting rid of the burden of India in order to concentrate on the rectification and production of domestic industries, and by the way, they also take advantage of the current "favorable situation" to strengthen the dominant position of the domestic market, even if they can concentrate on adjusting the European industry. In their opinion, the demand of the domestic market is far greater than that of the Indian market, and in terms of the rate of return on capital, it is not suitable to stay in India, and once the energy is recharged, the Indian market is not yet handy, and now someone has taken over this mess, although it is a little distressing, but it is not exactly what everyone needs! Therefore, there are also many companies have pushed the body of the industrial king fairy in their hands, and the staff of the fairy in India receive countless "sales calls" every day, and all kinds of companies have them, so that the reception staff are a little crying and laughing. Naturally, the fairy is not a good person, she wants whatever she wants, and the other party will pay as much as she wants, isn't that smashing the fairy's signboard, the fairy has sent a large number of staff, and none of these people are here to eat rice.
Third, the arrival of the fairy has also stimulated a little blood of the Indians, the original serious economic crisis, has made quite a few people feel hopeless, such a serious economic situation, when will it get better, economic commentators have expressed their doubts, and even these elites are so unsure, not to mention those who worry about life all day long! However, the arrival of the fairies has brought at least a hint of new breath and new inspiration, and no one thinks that the fairies have come to India for charity, at least the current fairies will not do any charity, they must have taken a fancy to some business opportunities in India. Who the fairy is, maybe people didn't know before, but now, no one doesn't know. Isn't it amazing that the fairy is a legendary investment company that can even predict economic crises and can successfully avoid them? Of course, the big international companies don't think so, although even Indian economists don't do this kind of propaganda, but there are quite a lot of Indian people who think so! The power of the people is endless, as long as it really awakens the hearts of the people in India, it can definitely have a profound impact on the economic situation, at least economists unanimously admit that "[the Indian economic crisis] ended at least a year early", and this year, many people gave most of the credit to the magical fairy company, because it was they who inspired the Indian people, "the fairy is well deserved".
No matter how the fairies came to India and what role the fairies played in India, one thing is true, that is, as one of the world's top conglomerates, the fairy company "took away" their companies in India from their Japanese and American counterparts, and for many years, these companies have been blocked out of the Indian market to a considerable extent! Perhaps, the big companies in Japan and the United States should be grateful to the fairies, because it is the fairies that give them the opportunity to get out of the Indian quagmire, but, perhaps, they should hate the fairies even more, because it is the fairies that make them determined to get out of the Indian market, in exchange for many years have not been able to enter this market, the so-called success is also fairy, defeat is also fairy, has become a long-standing topic of debate for many people! In any case, one thing is absolute, that is, the fairies who took the opportunity to enter were very profitable, and India also got the benefits it wanted from the fairies, achieving a win-win cooperation!
The real large-scale entry of the fairies into India began in late March 37, and thus began the investment activity that is rare in the world for continuous large-scale investment. The fairy's entry into India is a little depressing and very uncomfortable for Europeans, because the fairy's first and second investments in India were actually loans from European banks, that is, the fairies used the funds of European banks to invest in India, and the beneficiaries were Chinese fairies, which happened in Europe during the economic crisis, but many people were uncomfortable, and it is said that the interest rate of these loans from Deutsche Bank is lower than that of most European companies. And it is said that it is much lower, you say, can the patriots of Europe not be depressed! At the same time, the Chinese feel depressed and angry, as a top world consortium in China, not investing in the country with extremely difficult economies, but actually using low-interest loans from domestic banks to implement her Indian investment, this is simply "traitorous behavior", is "familiar and tolerable, is intolerable"!