Indian Prime Minister Narendra Modi pitched foreign investors to come to India and invest for their development while speaking at the World Economic Forum in Davos.
We have made it so easy to invest in India, manufacture in India and work in India. We have decided to uproot license and permit Raj. We are replacing red tape with red carpet
On the other hand, brand ambassador of Patanjali, Baba Ramdev, published an advertisement saying
Join Patanjali’s Swadeshi Movement to protect India from the loot of foreign countries
These two contradictory statements published on the same page of the Indian express stirred a lot of controversy. Here’s what we have to say about this.
Modi and Ramdev are people involved in two different sectors: politics and business respectively. They are simply stating their own principles which they believe will do better for the nation.
Modi is focusing on investments in strategic sectors including Indian companies, infrastructures and transport while Ramdev is limited to fast moving consumer goods (FMCG). The intention of Ramdev is not to go against the ideas that Modi put forward but instead is to simply state that his company still sticks to their vision of promoting goods that are made IN India, BY Indians. Patanjali started long before Modi became Prime Minister, so it is only meritorious that Patanjali still stands on the company’s principles.
Modi, as the PM for one of the world’s most rapidly growing economies, is responsible for presenting the opportunities of the country on a more global platform. The ever rising Indian market is a safe investment for foreign companies because the people need better infrastructures to complement the growing economy (bullet trains, aerospace, defense, scientific innovations, renewable energy, automobiles and so on). The lack of innovation inside India itself (at the moment) leaves them with only one option: invite the investors, learn their techniques and implement accordingly in the future. Such investments also strengthen the bond between two nations.
Baba Ramdev, however, is only presenting the core values on which the company-class provide organic products at a reasonable price so that goods are accessible to the lower and middle-class consumers. Patanjali wants India to go “Swadeshi”. They want Indian entrepreneurs to muster and innovate inside the nation itself. The company is only encouraging self-employment.
The two men have different ways of approaching this, but both want to see a better, prosperous and developed India.