Paranoid governments and conspiracy theories
Adi Godrej, who marshals his namesake $2.5 billion diversified group, believes the Indian government is â€śparanoidâ€ť about the possible effects of allowing more foreign investments into sectors such as airlines.
â€śThey (the Indian government) have not allowed foreign airlines to invest in private airlines, and they cite security. I donâ€™t see what security would be compromised,â€ť Godrej told the Reuters India Investment Summit in Mumbai.
â€śIf British Airways or Delta got to own part of an Indian private airline, they are worried about what would happen in times of a war, etc. You are in control of your country. What can they do in difficult times to stop it?â€ť he said.
Godrej also said that allowing more private players into sectors such as roads and education would help lift India away from infrastructure perils plaguing the country.
Itâ€™s not hard to think of Indian government officials sitting at their gnarled desks in crumbling office buildings doing what Mel Gibsonâ€™s character did in the movie Conspiracy Theory. But as Mel Gibson discovers, the enemy probably lies within. Howâ€™s that for a conspiracy?