---------- Post added at 11:34 AM ---------- Previous post was at 11:31 AM ----------
you should teach a finance class! you're actually saying that mittal will use an intl financier to pay for this and pakistanis will pay the principal and interest?
sorry but you've lost all credibility with this statement.
Why else is China allowing USA/ China allowing India or India allowing China to invest billions of dollars even though they are not the best of friends ???Other mature countries knows Its business ahead of emotions
so an Indian steps forward and you deny him because he is one . (would want an Indian to invest in our country ..NO NO)
so any one else stepping up to invest . ? other then your jani dushman?
DO correct me if i'm wrong, but :
1)The offer has been made by Arcelor, which is not a Indian Company, in case you missed this point.
2)The proposal was for "Investment" in the mining of the coal. The coal would be used for Arcelor's steel plants in India and Abroad.
3)Will it be Profit sharing or any other revenue model, has still not been cleared, Is'nt it?
So, Sir, Maybe you can enlighten us on your reason for this "Pakistani Dollar" paying the interest thing , that the evil Indian Mr.Mittal has conjured up. You see, hard as i may try, i really do not see how, in the absence of any such details, were you able to demystify not only the revenue sharing but also the debt servicing part of the whole deal.
Last edited by Stumper; 12-22-2011 at 01:52 AM.
The sindh thar coal-electricity project has started as per todays news.
Good move by Gop, 2 billion $ are just penuts there are big corporations from China, Australia etc who want to invest as much as 100 Billion $ so its better tht if ppls frm UK or else want to invest they should do joint ventures with Pakistanis in small projects.
P.S: i dont consider this guy mittal an indian, even i hav heared some where that he himself dont consider himself indian & dont even like to visit india dont know why indians are so much proud of him
Me personally, i think there's more to it than meets the eye. Business proposals are not one-line documents....there is fine-block print, there are conditions.....there are certain parameters
as this would be a simple export-import activity of a commodity, I don't think it would really compromise on our national security....but perhaps the terms of the proposed deal did not see satisfaction by Pakistani authorities.
i dont think it has much to do with bilateral relations --which seem to be fairly stable as of late, despite some unresolved issues & diverging interests in the region
me personally, I think $2 billion offer is absolute peanuts.....our coal @ thar is not even superior quality...it's actually fairly medium-quality coal....but we just happen to be sitting on very vast amounts of it. If the offer and terms are re-visited and both sides feel confident, then sure they should let the deal go through, why not.
I like to give credit where it's due; and to his credit he built a fortune through hard work and some luck.....today its one of the leading global steel manufacturing companies.
but anyways, back on topic
While I support peaceful, friendly and business ties between India and Pakistan, I think it was right to reject India's offer.
I believe business deals between the two countries should start in baby steps and gradually move up as relations get better.
Pakistan acceptance for India's MFN status is definitely a start!
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