Reborn as the richest man in India.

Chapter 33 Lending You 1 Million Rupees

Jogo understood what Fajia meant, which was to ask himself to borrow money from five rich men.

Of course, the money borrowed by the rich is not necessarily their own. A large part may be low-interest loans they borrowed from banks, and then re-lend to others to earn the difference.

There is no way, they all have their own industries, big businesses, high reputation, banks will naturally give them priority in lending, and now there is government policy support.

"Come on, let me introduce you to each other..." Fajia said enthusiastically.

"Your Excellency the Administrator, I know him, Jorgo Gupta, it's amazing, I didn't know how much 1 rupees were when he was his age, but now he has earned seventy-eight million rupees." ·Gaohaga laughed loudly, revealing a mouthful of gold teeth. He is obese, about fifty years old, and the gold all over his body is so dazzling that people's eyes are almost blind.

The fingers are covered with gold rings, and some fingers are not enough to wear two rings directly. There is a big gold chain with the thickness of a thumb hanging around the neck. I don't know if it is hollow inside.

However, Gao Haga's net worth is not enough to make a hollow one, but if it is solid, how heavy is it?

Can this neck stand it?
This can be regarded as the characteristic of Gao Hagar, he is in the gold industry, and wearing gold and silver can be regarded as an advertisement for his company all the time.

Compared with the other four, Gao Haga is also much more high-profile, and is often interviewed by major newspapers.

Jogo smiled shyly, but didn't answer.

These guys are all bosses, so I'd rather be more modest as a kid.

"Everyone, please sit down." Bosh greeted.

"Five gentlemen, you should understand what I mean. Since you are here, you should agree?" Fajia asked.

"So, does this kid really dare to continue collecting cotton?" Gao Haga looked at Qiao Ge in surprise, and the other four also looked at Qiao Ge again.

Several people talked for a while, and Jogo got a lot of information from their conversations. It was indeed Fajia who asked them to lend him money to buy cotton.

The main goal of Fajia’s doing this is to stabilize those cotton merchants who can’t hold on anymore. Facing the falling prices, many people are about to collapse, especially some merchants who originally thought about fast in and fast out for speculation. Thinking that this delay is two months, if the cotton cannot be sold, their capital chain will be broken.

Because Qiao Ge agreed, and because of the administrator Fajia, the five Gaohaga agreed to borrow money.

However, Qiao Ge was somewhat puzzled.

The scope of business of these five people seems to have little to do with cotton, and it can be said that they have never had contact with the cotton industry before.

If Fajia really wanted to stabilize those merchants, he could have invited some big cotton merchants to buy some small merchants, why bother to go around such a big circle and let a young man like himself come forward.

It's a bit strange.

After Jogo asked his doubts, Faga was silent for a while.

But he still explained it to Jogo. After listening, Jogo realized that he was still too young and too immature.

It involves some confrontations between Indian political parties.

Tedri Faga is the People's Party.

In the previous life, the two main parties in India were the Congress Party of the Gandhi family and the BJP, and Modi belonged to the BJP.

It's just that the current BJP is not that powerful. It was only in the 1984 general election that it won two seats in the Lok Sabha (lower house of parliament, India's authority) for the first time.

The People's Party mainly represents the interests of Hindus and the urban middle class, that is, the interests of small and medium-sized businessmen in cities and towns.

The Congress Party mainly represents the interests of the big landlords and big bourgeoisie in India.

The current cotton export industry in Mumbai is basically in the hands of rich people who have good relations with the Congress Party.

So in the face of Fajia's request, those wealthy people agreed on the surface, but in fact they did nothing. Some even directly refused to give Fajia face, and mercilessly refused to come forward to stabilize the situation.

Jogo knew that a large part of this strike was caused by these political parties behind the scene, making waves, so it was obviously impossible for them to help Faga stabilize the situation.

In this way, Jogo found that he was really pushed to the forefront by Faga.

Paying taxes based on the actual price of land purchases is just an appetizer, and this is the real big storm.

Can you stand it yourself?

Qiao Ge thought about it quickly, he had to weigh the pros and cons.

If you buy cotton, you are on the boat of Fajia, and you will offend those bigwigs who are well-connected with the Congress Party.

After thinking about it, Qiao Ge found that he seemed to have no choice.

With his financial resources, he really wanted to reject Fajia. As long as Fajia was still an administrator, it would be difficult for him to do anything in Mumbai.

"I don't know Your Excellency the Administrator, how much cotton do you want me to buy?" Qiao Ge said after a moment of thought.

As long as there are benefits, let's talk about it on board, and don't care about the others.

Faga stretched out a finger.

"1 packs?" Jogo blurted out.

According to the purchase of a package of 90 US dollars, a total of 90 US dollars, equivalent to 1134 million rupees, the capital is not small.

But thinking about the five people here, 1 crore is nothing to them.

After the words came out, Jogo noticed that Fajia's hand hadn't let go, and he immediately realized that he was too conservative, and he had already received [-] bags before.

"Ten~~hundred thousand packs?" Jogo asked in surprise.

"I now estimate that 10 bales should make the other party panic, so that they will join in the rush to buy, and then some merchants who want to sell may hold their goods for sale, which is very important for stabilizing the situation. And the process of buying cotton In the middle, it must involve transshipment and so on, so some dock workers can be recruited to solve the employment problem." Fajia said.

10 packs, 1.134 million rupees, beyond Jogo's expectations, but after careful consideration, it is also reasonable.

If it's only 1 bales, it's only more than 1 million rupees, and there is no need for the five Gaohaga people to come here.

Jogo understood what Fajia meant to make the other party flustered.

The big cotton producers on the opposite side are still holding down prices, waiting for the price of cotton to continue to fall, and then they will buy goods at a lower cost.

If they find themselves starting to sweep a large number of goods, they are likely to join the acquisition frenzy.

At that time, the small merchants who want to sell will naturally be able to realize their cash, and those who are not so anxious can rest assured and continue to wait.

Because these big merchants have started to sweep goods, it means that shipping should resume soon.

After all, in the eyes of small merchants, the news of big merchants must be the most well-informed, and there are sources of news that they cannot get.

"So, Gao Hagar and the others can lend you 1 million rupees to buy cotton. In order to stabilize those merchants who ship goods as soon as possible, you have to pay the full amount at once this time. Jogo, do you have the guts?" After Faga finished speaking, his eyes fixed on Jogo.

A 16-year-old boy, I am very optimistic about him.

Mainly because he couldn't find anyone else.

It stands to reason that Gao Haga's financial resources can be bought, but Gao Haga and the others obviously will not conflict with the opponent head-on.

Besides, Fajia didn't want to really tear himself apart from the other party.

If he finds someone to buy cotton in a big way, it is easy to offend those guys on the opposite side. They may not join the ranks of buying cotton according to their own wishes, but fight against themselves.

After all, I have ruined their money-making plan, and who knows how much trouble they will bring me.

But Jogo is different. He happened to do business with the Chinese these days.

The external rhetoric can be said like this, that is, the cotton that continues to be purchased still wants to be sold to the Chinese.

As for the Chinese side, they will leave in a few days, and there is no way to ask for proof.

In this way, those people on the opposite side will not feel that you are targeting them.

There are customers here, so what's wrong with Qiao Ge's aggressive purchase of cotton?
As for Jogo's source of funds, even if they knew about it, they wouldn't be able to explain anything.

After all, Brother Gao Ha and the others paid interest on the money they lent.

This 1 million rupees fund has a one-year period and 10% interest, which means that Jogo will have to repay 1.1 million principal and interest after one year, of which the interest is 1000 million rupees.

This interest rate must be much higher than that of banks, but it is already several percentage points cheaper than private loans.

Besides, since Jia asked Qiao Ge to help, he must strive for a little interest on the loan.

(End of this chapter)