India's Godrej group to invest in Pakistan by year-end

Discussion in 'Pakistan' started by ani82v, Aug 22, 2012.

  1. ani82v

    ani82v Senior Member Senior Member

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    Indian group to open business in Pakistan - FT Specials News - IBNLive

    Mumbai: Godrej, the Indian consumer goods group, plans to establish operations in Pakistan and Myanmar, in a sign of deepening trade between India and two of its largest neighbours.

    Adi Godrej, the billionaire head of the Godrej conglomerate, told the Financial Times that his 115-year-old group, which had revenues of Rs 185 bn ($3.3bn) in 2011, will begin exporting to Pakistan this year.

    "We will be setting up businesses before the end of the calendar year in Pakistan," Mr Godrej said. "Pakistan is the sixth largest country in the world in terms of population, so the opportunity is reasonably good."
     
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  3. Singh

    Singh Phat Cat Administrator

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    I am divided about the news.

    On one hand economic relations will go a long way in improving the situation in the neighbour otoh it appears Pakistan is not willing to change and therefore such deals are futile.
     
  4. sob

    sob Moderator Moderator

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    I wish that Mr.Godrej consider investing in Myanmar and only exporting to Pakistan.
     
  5. Iamanidiot

    Iamanidiot Elite Member Elite Member

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    Yup Jinnahs grandson must Invest in Myanmar
     
  6. sob

    sob Moderator Moderator

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    Tha is Nusli Wadia, not Adi Godrej.
     
  7. Rahul92

    Rahul92 Senior Member Senior Member

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    Why the hell they don't expand into Iran
     
  8. ranasikander

    ranasikander Regular Member

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    Unfortunately the business Gurus only care for money and doesn't care a damn regarding your opinion about Pakistan.
     
  9. Singh

    Singh Phat Cat Administrator

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    ^^ that is true. But the Indian or the Pak govt can play spoilsport.
    If we open our economies trade relationships can normalize, but then there has to be willingness from the major players. At this point in time, it seems Pakistan is not interested.
     
  10. ranasikander

    ranasikander Regular Member

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    Y Pakistan, its simple dude, no rocket science, simple logic dude:

    Iran population = 75 million

    Pakistan's population = 195 million
     
  11. ani82v

    ani82v Senior Member Senior Member

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    ^ Yes, when the relations are tense, something like post 26/11 and all trade relations are suspended again, what will happen. If the awam goes berserk due to any Military flareup, how can Pak Govt assure safety of Indian investments there.Has the Paki Govt given any such assurances?
    It appears to me that Godrej has made this decision more on hunch and optimism of Aman Ki Asha; hope they have strategy in place if it turns in to tamasha! :troll:
     
  12. Singh

    Singh Phat Cat Administrator

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    Iran has higher pci, and also because of trade embargoes is more lucrative.

    However, India's population is 1.2billion opening up trade means more benefit for Pakistanis.
     
  13. ani82v

    ani82v Senior Member Senior Member

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    Most of the Countries can't trade with Iran due to International embargo. Reliance used to import crude from Iran for their refineries in Gujarat. They stopped doing it 2 years ago due to US pressure.
     
  14. Singh

    Singh Phat Cat Administrator

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    I think it was a few months ago. Reliance used to refine oil for Iran because they had a shortage of refineries.
     
  15. Agnostic Muslim

    Agnostic Muslim Regular Member

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    Look at it this way, even if your misgivings are correct, and your suspicions true, economic relations will not really have a downside. Increased Indian investment and product penetration into Pakistan will mean that the Pakistani middle class will be able to tangibly see and feel the benefit of normalized relations with India, and that in turn will allow the development of a strong lobby inside Pakistan in favor of good relations with India (provided there are no more coups of any kind).
     
  16. sob

    sob Moderator Moderator

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    Reliance had stopped quite sometime back. Essar, HPCL, BCPL and Mangalore Refinery were the main importers from Iran.
     
  17. Defcon 1

    Defcon 1 Senior Member Senior Member

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    Hey Agno, didn't know you are on this forum. Welcome.

    On topic, it seems to be a bad time for investing in pakistan. Even the chinese are running. All investing companies will be prudent to structure their investment s in such a way that their exposure to risk is minimum.
     
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  18. Agnostic Muslim

    Agnostic Muslim Regular Member

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    I am in no way suggesting that any Indian company invest in Pakistan if they are not willing to undertake the risk and do not view the financial benefits outweighing the risk - my post was attempting to address the misgivings from a 'geo-political' standpoint - does investment by Indian companies in Pakistan (if it makes financial sense for them) undermine India's national security in any way or does it instead lay the groundwork for normalization of ties between the two States?
     
  19. sob

    sob Moderator Moderator

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    In these times the risk is maximum but then so will the chances of returns.
     
  20. Vikramaditya

    Vikramaditya Regular Member

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    trade = more money in pakistani economy = more terror in India and more weapon for pakistan....lol jai ho congress...
     
  21. Blackwater

    Blackwater Veteran Member Veteran Member

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    may be other way around,

    Trade=dependency on india=addiction of indian products by paks
     

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