Reborn as the richest man in India.

Chapter 61
The last chapter is finally out, I don’t know how many versions have been changed, and I still don’t know which words are too sensitive, and I can’t contact the editor on weekends. It’s been so long, it’s so miserable.

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"Not enough, isn't it?" Bosh asked, "When the Chinese pay you the final payment, it should be almost the same?"

"Oh, that's enough." Jogo replied, "Can the bank wait?"

Bosh thought for a while and said: "I can ask the bank again. As for the employees, don't worry, as long as I am here, I will stand by your side. If anyone makes trouble, let him go. How about it? consider?"

"Of course you've said that, Director, then I'm fine." Jogo laughed.

This can be regarded as helping Bosh. This kind of bankruptcy and liquidation involves many people, such as factory employees. If it is not handled properly, there may be troubles.

Now with Bosh's guarantee, Jogo feels that even if he really manages the factory in the future, the problem will not be too big.

Of course, this is all under the premise that Bosh keeps his promise. Otherwise, if something happens, the trade union organizes workers to go on strike, wouldn't his head get bigger?

But then again, Jhogo finds himself a bit too reserved like old Gupta.

If you want to make a lot of money, how can the company not grow bigger?
Since you want to be big, don't be afraid of this, what about the trade union?

As long as you are strong enough, the trade union can also be a pawn in your hand.

At least the current relationship between Bosh and himself is not bad, and buying the factory is indeed profitable for him, that's enough.

Bosh smiled and was very satisfied with Jogo's answer. If this matter is successful, it will really help him a lot.

So he called the bank again, and the bank heard that someone had the intention to acquire the garment factory, so they said they would send someone over to communicate face-to-face immediately.

Two or 10 minutes later, people from the bank came, from the State Bank of India, Jogo was familiar with.

Bosh talked about Jogo's situation with the people in the bank.

The people at the bank knew about Jogo, after all, newspapers had reported about him these days.

Regarding Qiao Ge's current assets, the bank quickly conducted an investigation, and including the final payment from the Chinese, it was really enough money to buy the factory.

For the banks, they have not found a suitable buyer during this period, and it should be said that almost no one is willing to buy.

After all, the current factories have all moved to inland cities to seek lower labor and other costs.

And this garment factory is located in the suburbs of Navi Mumbai, which is still near Mumbai. The cost is much higher. There are really not many interested people, and the batch of jeans is too troublesome.

The bank didn't want to make any more price concessions, so it froze.

What Bosh meant, they understood, was that the bank first loaned Jogo a sum of money to let him buy the factory first. As for the loan money, it can be repaid when Jogo’s final payment arrives. More than a month, this condition is not unacceptable.

The banker was thinking about it, and Qiao Ge was also thinking about the bank's valuation of the garment factory.

Among them, raw materials such as factory buildings, land, machines and a small amount of cloth are valued at 1500 million, and 20 pairs of jeans are valued at 1000 million.

No wonder this garment factory cannot be sold. For those who make garments, what they value is the factory and the machine, which is the first 1500 million part.

It’s okay if the quantity of jeans is small, say several million, and they’ll buy them if they’re bought together, but the problem is that the quantity is too large, even 1000 million, so it’s hard for them to start.

As for the previous item, it is hard for Qiao Ge to lower the price any longer. The bank has a tough attitude.

Regarding this point, Qiao Ge is clear in his heart. After all, these prices are relatively transparent in the market, and this valuation is almost the same.

As for the jeans, he disagreed with the bank's valuation.

The bank said that once this pair of jeans is exported, the price will be about US$6 each, which is 76 rupees. The price they are currently offering is 50 rupees, which is already very favorable.

Qiao Ge talked about China. Now the Chinese jeans industry has risen, and the price is very dominant, so these jeans can be sold for less than 6 dollars even if they are exported.

It's a bit embarrassing for the bank.

They didn't expect Jogo to be so familiar with this business.

It cannot be said that Qiao Ge is too familiar with it. In fact, he is trying his luck to lower the price.

He only knows that the export volume of jeans in China is not small. How can he know the exact price?
But judging from the expressions on the faces of these people in the bank, he was right.

So after arguing and bargaining, the estimated value of the jeans was 40 rupees a pair, with a total price of 800 million rupees.

The final result was that the bank first lent Jogo US$100 million plus 700 million rupees.

Then add Jogo's current 1900 million rupees, which is enough to buy a garment factory.

This was only agreed by the bank after Jogo showed them the hair contract that had just been signed.

Because the loan amount does not exceed the final payment that Jogo will receive in the future, and the final payment will be transferred to Jogo's account in the State Bank of India, the bank is relieved.

However, the term of the loan cannot exceed 3 months at most, that is, as soon as Qiao Ge's final payment arrives, he will repay it immediately.

Bosh was taken aback that Jogo was making so much money in the hair trade, more than cotton.

In this matter, Bosh also invited Faga together as Jogo's guarantee.

Bosh was very moved by Jogo's approach.

Because the 100 million US dollars borrowed by Jogo was to acquire the advanced machinery and equipment of the Frenchman Merle de Maupassant, this solved the problem for him.

Otherwise, Jogo didn't need to borrow so much at all.

Of course, it also helped Fajia resolve the problem. The matter of Maupassant has escalated into a diplomatic issue between the two countries. How can Fajia, an administrator, be relieved?

That's why Fajia agreed to help Jogo as a guarantee.

Of course, the $100 million has to be applied to the bank, which takes time. After all, it is foreign exchange and the amount is not small, so the loan will not be released so quickly.

Jogo did this to help Bosh and Fajia. Without their guarantee, the bank's loan would still be difficult to borrow, even if he still had an uncollected final payment, and it would arrive immediately.

In addition, Jogo also has his own ideas.

If I really want to do business with Ivanov for a long time in the future, it would be good to have my own clothing factory. I can produce clothes and sell them to Ivanov in exchange for some industrial products from the Soviet Union, so that my own cost will be lower.

Maupassant's assembly line is a bit expensive, but it is advanced, and the production efficiency and quality are more guaranteed. Qiao Ge thinks that buying it will not be too bad.

In fact, Jogo remembered what Gautam Adani did in his previous life.

This guy's company basically takes everything from upstream to downstream.

For example: Adani bought coal mines abroad, bought coal from its own coal mines, shipped it back to its own port in India for loading and unloading through its own shipping company, and then used its own railway system or transportation company to transport the coal to its own Thermal power plants, the electricity from thermal power plants can be sold to their own ports and other factories, and more can be sold to the national or state power grids.

In short, every link is his own company, and all the upstream and downstream money has been earned by him.

Qiao Ge is just starting now, so it is naturally impossible to make this step.

But he can also learn this way, buy cotton by himself, make cotton cloth by himself, and then make clothes, maybe he can grow cotton in the future.

Not only the clothing industry, but other industries can also learn from Adani's model in the future. No one else can make money from themselves, and they don't take out a dime, haha.

(End of this chapter)