Is Modi Ji Really Working for the Betterment of Ambani and Adani?

The ongoing debate around the relationship between Narendra Modi, the current Prime Minister of India, and prominent business tycoons such as the Ambanis and the Adanis has been a contentious issue. Some critics argue that Modi is leveraging his political influence to benefit these business conglomerates, while others claim that there is no preferential treatment and that all businessmen in India have been given equal opportunities. This article seeks to address these claims and provide clarity on the facts surrounding these allegations.

The Political Financial Landscape in India

The Indian political landscape, especially during the tenure of the previous Congress party, was marked by significant financial irregularities. Business leaders who contributed to the party's coffers expected favors in return. However, as the party changed its stance, it now turns the tables, questioning the motives of the current government. This includes accusations that Prime Minister Modi uses his position to benefit Ambani and Adani families. Critics like Salil Shetty, the Vice President of the Open Society Foundation of George Soros, have pointed to patterns that suggest these allegations might be more than mere rhetoric.

George Soros and His Influence

George Soros, a prominent financier and hedge fund manager, has often been linked to scrutinizing political and economic systems worldwide. His organization, the Open Society Foundations, has been involved in numerous investigative reports, including that of the Offshore Leaks Project (OCCRP), which has published reports against individuals such as Gautam Adani. These investigations have gained momentum as they align with a broader narrative promoting critical scrutiny of global economic powerhouses.

Congress Party and Adani

Recently, Rahul Gandhi, the vice president of the Indian National Congress, accused Modi of giving contracts to Anil Ambani, a close friend and business partner of the Ambanis, instead of Hindustan Aeronautics Limited (HAL). This claim is a significant political move as it attempts to discredit Modi and his government's integrity. However, given that Anil Ambani is nowhere to be seen in today's business landscape, it raises questions about the merit of these accusations.

Modi's Policies and Business Endeavors

Modiji, as he is popularly known, has consistently maintained that his policies aim to create a level playing field for all businesses in India. He has provided incentives and opportunities to businesses, irrespective of their backgrounds. For instance, Gautam Adani, the leader of the Adani Group, has won projects based on merit and fair bidding processes. Adani Group is not an overnight success but a conglomerate that had already established itself in sectors such as thermal power, port operations, and coal projects.

Adani's Success and Fair Competition

Adani's success cannot be solely attributed to Modi; it is the result of strategic decisions and market positioning. For instance, Adani won the bid for the Mumbai-Antara-Jaipur airport project by offering the highest revenue share to the respective government authorities. The bidding process was modified to allow businesses to collaborate with international operators, ensuring a competitive environment.

Moreover, Adani's access to foreign financial institutions and loans is a testament to the market's confidence in his capabilities. These loans are not granted without thorough due diligence. It is misleading to suggest that Adani's success is due to any biased government policy. The level of collaboration with international operators and the successful execution of projects in a challenging economic environment speak volumes about Adani's merit and capability.

Conclusion

The fabricated claims that Modi works for the benefit of Ambani and Adani are disingenuous. The Indian business landscape, under Modi's watch, provides equal opportunities to all businesses, regardless of their political affiliations. The success of business groups such as the Adanis and the Ambanis is a reflection of merit and strategic positioning, not preferential treatment. It is important for stakeholders to focus on facts and public interest rather than perpetuating unfounded allegations.