For the Desk of:
His Excellency Wen Jiabao
The Premier’s Office
Capital of the Freedom-loving Nation of China
From the Desk of:
“The White Tiger“
A Thinking Man
And an Entrepreneur
Living in the world’s center of Technology and Outsourcing
Electronics City Phase 1 (just off Hosur Main Road)
Visiting Bhopal – on business
Observing keenly the interest generated across the globe about my series of letters to you, I decided to bring to your notice another interesting perspective of the Indian Entrepreneur. Recently it has been observed in great details in the media – what has been categorized as death due to malnutrition or death due to viral fever in Madhya Pradesh – depending on the side of the fence you are in.
To help you understand, sir, the details is as follows:
The Madhya Pradesh government claims it has managed to drastically cut down malnutrition rates in the state through its
You might be wondering, sir, what has all this to do with a self made entrepreneur like me. I will come to that shortly. Before that I would bring to your notice an incidence from the recent past, i.e. about a year back.
The Income Tax Department officials in Madhya Pradesh seized millions in cash and unearthed similarly high-valued assets from premises of some health officials and their business associates here. Officials seized Rs.1.3 million in cash and property documents worth in millions from the premises of State Health Director Yogiraj Sharma. Residences of two other health officials were also searched. Besides Dr. Sharma’s premises, raids were conducted at a dozen other places. Cash worth Rs.1.4 million, ownership documents of 200 acres of prime land and 12 bank lockers were seized. Materials worth Rs.4.5 million were seized from the storehouses of Metox Remedies, a company owned by Sachdeva, income tax officials said. In follow up action, in May 2008 Income tax sleuths on conducted simultaneous raids on Madhya Pradesh health minister Ajay Vishnoi’s residence; his brother Abhay Vishnoi’s office and a homeopathy and dental college run by the minister’s wife Alka Vishnoi – all in Jabalpur. The raids were also conducted in residences and offices of Vishnoi’s friends, business partners, builders and bureaucrats attached to the state health department in Jabalpur, Bhopal, Indore and Gwalior. In Bhopal, income tax officials raided residences of health secretary Ashoke Sharma, former health commissioner Rajesh Rajora and business house of a known builder and real-estate dealer. More than 15 places across the cities were raided. Sources in the I-T department said incriminating documents were recovered. The Income Tax department raided 55 properties across the cities of Jabalpur, Indore and Bhopal on 30th May 2008 and the aftermath is still unraveling. The extent of cut backs is as follows – 10 to 15% of the total amount sanctioned would go to the secretariat during the sanctioning of money to Chief Medical Officer. Next 15 to 20% would go to supplier, another 10% for other expenses. If remaining amount is unable to buy the medicines, the medicines are only bought on paper. The costs of medicines procured in Madhya Pradesh are costlier by 11% to 267% as compared to states like Kerala or Tamil Nadu.
Mr Yogiraj, mentioned above, was asked to go on compulsory retirement – no further action was taken against him.Ajay Vishnoi also resigned from his post.
Did you like the joke, sir!
That brings us to my visit to Bhopal. As you know, sir, I have a nose for business which has been so helpful in surviving. Bhopal has a booming realty market, with money pouring in and construction projects popping up every where. In this era of financial meltdown, the world thinks that it is only al_Qaida that has its money safely tucked away from banks. Well, we self made hard nosed Indian entrepreneurs know of another entity that have cash tucked away safely
For your ready reference, following is the partial list of Malls coming up in Bhopal:
- CROWN MALL
- VIVA COLLAGE
- KRISHNA MALLS
- AURA MALL
- ASHIMA MALL
- DAINIK BHASKAR MALL
- CENTURY 21 MALLS
- BUSINESS DISTRICT, NEW MARKET: Under the project being developed by Gammon India,, 15 acre area in South TT Nagar would be developed as commercial complex which would have retail office space, multiplex, hotel and other commercial activities apart from construction for residential purposes. The project is estimated to cost Rs 850 crore. International-level facilities would be available at Madhya Pradesh’s capital after completion of this project. Gammon India was selected for this project because of its highest bid amounting to Rs 338 crore.
You might have a fare guess at the source of money pouring in to a sleepy town like Bhopal, without any industrial development of note.
Mr. Premier, Sir, guessing is what most of the people are left with in Bhopal today
(With Due Apologies – Mr Aravind Adiga, Booker Prize winner 2008 for The White Tiger)