Reborn as the richest man in India.

Chapter 2 I want to help you but you can't

"Uncle Singh, I'm serious." Jogo said with a serious face, "If the bank doesn't help us, we will definitely not be able to get the 50 because we already have nothing. If we borrow another 20 rupees, I believe we will be With my father's reputation and management for so many years, I will definitely be able to repay the principal with interest in a few years, no, just one year."

Singer couldn't help but glanced at Jogo in surprise. This kid was threatening him.

But what he said made sense.

If it is carried out in accordance with the regulations and all the family wealth of the Gupta family is taken away, the bank will lose more than 50 rupees. At that time, can you expect a family living in a slum to pay back so much money?

This becomes a bad account.

Banks have assessments on loans, and he is a credit manager, so he knows this very well.

"The last time your father was able to borrow so much, in fact, it was because of my friendship with him for many years. Of course, your father is an honest person and has a reputation, which is why I dare to borrow more. It's a pity that he is too impulsive , He wasn’t like this before.” Singer still didn’t directly answer Jogo’s request.

In fact, India's economic reforms began in the early 80s, but the intensity was not as great as in 91.

Last year, restrictions on private enterprises were relaxed, foreign capital and foreign advanced technology were vigorously introduced, and public enterprises were reformed.

This provides a good opportunity for private enterprises to grow.

Bank loans began to lean towards some private companies, but those who want to get bank loans are often those large private companies.

Small and medium-sized enterprises still have little possibility.

Like the old Gupta, this loan is equivalent to a credit loan. After all, the value of the collateral is far less than the loan amount.

Originally, it was impossible for a small workshop owner like him to get a credit loan from the bank. The main reason was the relationship between Singer and him.

Small businesses that want to get loans usually get them from large private companies.

Because large private enterprises can easily obtain low-interest credit loans from banks, and then they lend the excess at high interest rates to others. Naturally, there are various political and business collusions.

India is dark and complex in this regard.

At the same time, the Indian government amended the law to encourage small businesses to directly raise funds from the public to invest in various projects. It is almost fundraising, and it doesn’t matter if it is illegal or not.

In addition to borrowing a sum of money from the bank last time, old Gupta also raised funds from many acquaintances around him.

After the bankruptcy, these people raised funds to borrow money. Old Gupta did not default on the loan. He sold cars, gold jewelry, and everything that could be sold at home. The bank was really powerless.

"My father has been cautious all his life, but~~" Qiao Ge didn't know what to say about this cheap father.

"What kind of person do you think your father is, in terms of business?" Singer asked after thinking about it.

Jogo stared at Singer for a while, then withdrew his gaze.

He probably understood that if his answer didn't satisfy him, his request probably wouldn't go through.

"Be cautious, I said it just now. Of course, this is a good way to say it. If it doesn't sound good, it is conservative, traditional, timid, and short-sighted." Qiao Ge considered his words.

Jhogo wasn't completely talking nonsense.

India is a large cotton planting country, and its output is almost the second in the world, accounting for 25% of global cotton output.

Mumbai is the center of India's cotton textile industry. There are a large number of related factories and enterprises. The export of cotton and cotton textiles is one of the important sources of foreign exchange for India.

There are five small workshops under the name of Old Gupta, all of which produce cotton textiles, but none of the small workshops has more than seven employees.

If it is in China, it can be merged into a small factory, but it is different in India.

India's labor laws protect employees very well, and it is very difficult to fire an employee.

Beyond that is the Indian trade unions.

The trade union in India is a very powerful organization that has the right to conduct collective bargaining with employers, demanding higher wages, better working conditions, and improved benefits. If the negotiations fail to achieve satisfactory results, the trade union can organize a strike, which will give the employer cause huge losses.

Indian law stipulates that seven or more people can form a trade union. Therefore, in order to avoid these troubles, the number of employees in small workshops will mostly not exceed seven.

This leads to everyone's unwillingness to make the company bigger and stronger.

Old Gupta is an example of this. It was divided into five small workshops. The number of employees in each small workshop did not exceed the standard, so it was impossible to form a trade union.

This is a kind of loophole.

If the company grows bigger and has more than 100 employees, even if the employees make mistakes, it is not so easy to fire them.

The consent of the local government must be sought before dismissal, and the government will often not agree for the sake of employment and stability.

There was such a news that an employee in India was still sleeping at the company after 11:17 in the morning. The boss fired him after repeated warnings were ineffective, and then the employee sued the court. Later, the court agreed with the employee’s appeal and forced the factory to rehire. It was not until [-] years later that the factory successfully sued and fired the employees.

Therefore, in many slightly larger companies, they will control the number of employees to less than 100, so that it is relatively easy to fire employees.

India's labor law is friendly to employees, but it is a burden on enterprises, which makes enterprises unwilling to grow bigger and take more responsibilities. This is a contradiction.

Singer was a little surprised. He didn't expect this kid to say such a thing. This is a completely negative evaluation for old Gupta.

He and Qiao Ge are very familiar. After all, the relationship between the two of them is good, and they usually have contacts.

This kid studies very well, and everyone said that he might be admitted to the best university in India, the Indian Institute of Technology.

You must know that the acceptance rate of the Indian Institute of Technology is frighteningly low, and it is the most difficult university in the world, even more difficult than China's Tsinghua University and Peking University.

Those who come out of polytechnics are the best of the best.

There is a saying in India that goes like this: "If you can't get into the Indian Institute of Technology, you will go to the Massachusetts Institute of Technology."

These words are actually yy from the Indians, but it also shows that the Indian Institute of Technology is indeed very good.

When the old Gupta couple talked about Jogo, they were very proud. They were very satisfied with their son. International school tuition is expensive, but it is also worth it.

"Young people at this age are always a bit rebellious." Singer thought to himself, it was because of his rebellion that he gave his father such an evaluation.

"In order to avoid labor laws and labor union troubles, my father has no plans to expand the business at all. This is because he is short-sighted and conservative. This time he made a breakthrough, but unfortunately he was irrational and completely dazzled by a small amount of money. , fell into someone else's scam." Jogo continued.

"So, your father is really not very good in your eyes." Singer said.

"No, he still has many advantages, such as honesty, credibility, and not harsh treatment of employees. I believe Uncle Singer knows this."

Without blindly belittling, of course the advantages of old Gupta are there.

The wages of those employees in his workshop are about [-]% higher than those of their peers. This is because old Gupta is kind-hearted, and he himself started as a part-time job in these small workshops, so he knows the difficulty.

After he developed himself, he still gave preferential treatment to these latecomers.

To his business partners, old Gupta is very trustworthy, forthright in his work, and has a very good reputation.

"Your father treats people sincerely and is a good man." Singer shook his head in agreement, and Jogo's evaluation was to the point.

Here are some differences in India.

Nodding in India means 'no' and 'disagree', while shaking the head means 'yes' and 'agree'.

"Even if you get 20 rupees, what can you do?" Singer couldn't help asking when he saw that Jogo was silent.

"Continue to export for the time being." Jogo replied immediately.

"Export? Cotton textile export?" Singer asked again.

"Yes, I believe that the loan can be paid off within one year, and now the deposit for stocking up is short." Jogo said.

Jogo is not sure whether he can pay off the loan within one year, but now he can only put the satellite first.

There are not many pais in the family.

Indian currency Rupee, 1 Rupee is equal to 100 Pais.

Therefore, they can only borrow money and try to make a comeback.

"What do you think? In the past, you couldn't say no. With your father's reputation, you can get the goods with a small deposit, but even if you get the goods now, you may not be able to export them." Singer sighed.

Jogo didn't quite understand what Singh said. In his opinion, Singh was just looking for an excuse not to borrow 20 rupees.

At this time, a piece of news came from the radio, which was broadcasting local news in Mumbai, about the port workers' strike demonstration.

Hearing this, Singer pointed to the radio and said, "Did you hear that? There is a strike. Do you know why there is a strike?"

Jogo immediately replied, "There's so little work on the docks that they can't support their families."

"Then why are there fewer lives?" Singer explained, "The Suez Canal is blocked. I heard that it takes ten times more time for each boat to pass. Now there are countless boats queuing there, almost two It’s been a month. Most of the goods at the port are sold to Europe. If the canal is blocked, it will be difficult for the ship to go out. If it goes around the Cape of Good Hope in Africa, the distance will increase too much and the freight will increase. Therefore, some of them are not too urgent. The goods such as cotton and cotton textiles in Europe have temporarily stopped receiving goods, which caused the goods at the port to pile up like mountains, and the warehouses were full. These workers are out of work. Your father's previous customers were all from Europe. It seems to be from the UK, even if you have prepared the goods at this time, can you sell them?"

Jogo froze for a moment, he really didn't know about it.

In this way, it is impossible for him to export to make money and pay off his debts. Even if Uncle Singh and his father have a good relationship, it is impossible to borrow 20 rupees for no reason.

Qiao Ge opened his mouth and wanted to fight for it, but found that he couldn't come up with too effective reasons to persuade the other party.

I thought about foreign trade export for almost a night, and felt that there was a good chance.

Unexpectedly, there was a problem with the Suez Canal, which was beyond his expectation.

This led to the complete bankruptcy of his possible self-help plan.

Even if you have 20 rupees in your hands, what can you do?

Jogo really didn't think about it.

Huge blow, bad start.

"So, how can you pay off the debt?" Singer sighed, "I would like to help you, but you can't."

Jogo kept thinking in his mind, and he didn't want to give up yet.

The radio broadcast was still going on, and when he saw the radio, he suddenly had a flash of inspiration.

"Uncle Singer, did I say that I would sell it to the British? Those liars." Jogo laughed.

"What do you mean?" Qiao Ge's words made Singer confused for a while, "Then who are you selling to? The boat can't go."

"Not all places have to go through the Suez Canal." Jogo replied, "Actually, I had already contacted the Chinese when I came here."

"Chinese?" Singer's eyes widened, and the jump was a bit big.

"Don't Uncle Singh know?" Jogo asked with some surprise, "They have been in Mumbai for more than ten days."

"I seem to have heard that a business delegation is here for exchanges, hoping to promote trade exchanges between the two countries, but it seems that no one is willing to do business with them." Singer thought for a while.

Jogo is well aware of India's resistance to the Chinese.

After the Sino-Indian War in 62, the relationship between the two countries was not very good.

Although the relationship has recovered a bit now, the Indian government and the people are still hostile. After all, India abruptly turned the war of aggression into a war to defend New Delhi.

Some of them were mentioned in the broadcast just now, and some of them were also thought of by Jogo himself.

The Mumbai government is not too enthusiastic about the Chinese business delegation, and the cooperation is just lip service without much actual action.

Some officials even privately told some local factories and enterprises not to do business with the Chinese.

"No one does business with them, isn't that just my chance?" Jogo said.

"The people above are not willing, do you understand?" Singer frowned, of course he knew some inside information.

"Uncle Singh, I remember that a few days ago, the Prime Minister mentioned China in his speech, especially the rapid economic development after China's reform and opening up, which amazed him, and he hoped to visit China to improve the relationship between the two countries. Enhance communication between the two sides." This is what Qiao Ge searched from the original owner's memory after hearing the news on the radio.

He had seen the news in the Times of India at the time.

There are many newspapers in India, and the languages ​​on them are also diverse.

The official languages ​​of India are Hindi and English, and many states have their own local official languages.

For example, Jogo's hometown of Gujarati speaks Gujarati.

Mumbai is the capital of the state of Maharashtra and the official language is Marathi.

The owner of the original body can speak Gujarati, Hindi, Marathi and English. The English is very fluent and standard. The full English education in the international school is not covered, so the current Jogo has also inherited these four languages. Coupled with the original Chinese, it is equivalent to having five languages ​​in one's body, which is a remarkable achievement.

Bhaskar Daily is India's largest-circulation Hindi-language newspaper, and The Times of India is India's largest-circulation English-language newspaper.

In terms of circulation, Baskar Daily is considerably larger than The Times of India.

However, in terms of status and influence, there is a certain gap between Hindi and local language newspapers and English newspapers, and English still dominates the media discourse.

Indian elites can basically speak English, so the main readers of The Times of India are the middle and upper class in India, and some large libraries and government agencies at home and abroad also often subscribe to this newspaper.

Fraser International School subscribes, of course, to The Times of India.

印度现任总理是拉吉夫·甘地，事实上他在1988年12月19-23日对中国进行正式访问，这是34年来印度总理首次访华。

This is an important turning point in the history of Sino-Indian relations. It ended the long-term hostility between the two countries and laid the foundation for the improvement and development of bilateral relations.

(End of this chapter)