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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
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Essar Group Chairman Shashi Ruia meets Jayalalithaa
Essar Group chairman Shashi Ruia is said to have very good relations with the BJP Prime Ministerial aspirant, Mr.Narendra Modi. Ruia has been a vocal supporter of the CM of Gujarat, and has accompanied him on at-least half a dozen foreign tours in the past few years, most notably to Switzerland, South Korea and China in 2007 and Russia in 2009.
Chennai, Dec 04 2013: Essar Group Chairman Shashi Ruia called on Tamil Nadu Chief Minister Jayalalithaa here.

"The meeting was a courtesy call," official sources said.

Essar Group has operations in more than 25 countries and employs over 73,000 people, the company website said.

Institute of Customer Experience Management, promoted by Aegis, is a wholly owned subsidiary of Essar Group. It has a facility spread across 40,000 sq ft on Amankullam Road in Coimbatore in Tamil Nadu.

Earlier this year, Finance Minister P Chidambaram laid the foundation stone of Aegis Ltd for setting up a 250 seating capacity centre at his home constituency of Sivaganga in Tamil Nadu. Through the facility about 500 direct and 2,000 indirect jobs would be created, it said.

Essar Steel has a processing and distribution facility at Sriperumbudur near Chennai. Besides Chennai, the company has similar centres in Pune, Indore, Bhuj, Gujarat and Bahadurgarh, National Capital Region, it said.

Courtesy: www.mydigitalfc.com 

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