Reborn as the richest man in India

"Boy, how much did you say?" The sound of the pen brought Manmohan back to his senses. He slammed his hands on the desk and stood up. The boss's chair under him was pushed back hard, hitting the chair behind him hard. There was another loud bang on the cabinet.

"Mr. Chairman~~" The people outside heard the noise and hurriedly knocked on the door.

"It's okay." Manmohan shouted towards the door.

Being disturbed like this, he calmed down.

When Qiao Ge mentioned US$750 million just now, he lost his composure.

After all, the amount found by the government is estimated to be around 300 to 400 million. Doesn't this mean it is half less?

The original transfer of three to four billion US dollars seemed to him an exaggeration, but he didn't expect that this kid was actually even more outrageous.

750 million, nearly Rs 1,000 crore.

He doesn't care too much about tens of billions of rupees, because he is mainly responsible for the approval of such large projects. He has passed through many large projects worth tens of billions, some of which are tens of billions.

But if one person can get 750 million US dollars at once, this amount is really amazing. In the past, transactions were usually conducted with foreign countries in the name of the country.

Even for him, this was his first time encountering it.

His head is a bit big, this amount is really huge.

I'm afraid it will take a lot of effort to settle things myself.

It has to be said that this boy's future achievements are limitless. Protecting him by yourself is actually increasing your own power.

Besides, which of the wealthy families in China has not done this kind of transfer of funds?

In fact, everyone knows it well, and it’s nothing.

It's just that some people transfer more and some transfer less.

Manmohan said nothing and just stared at Qiao Ge.

Qiaogo continued: "$750 million, Mr. Singer. The purpose of my doing this is for investment, overseas investment."

In fact, the actual amount transferred was US$765 million, and Qiaogo just rounded up the figure.

Even with such a large amount, the difference is only fifteen million US dollars.

"Does overseas investment require such a large amount of money?" Manmohan sat back in his chair and snorted coldly, "Do you know the amount of domestic investment overseas according to national statistics every year?"

"This~~I don't know." Qiao Ge replied, he really didn't understand.

However, given India’s current national conditions, the amount of overseas investment will not be too large.

"It's only one to two hundred million U.S. dollars a year, and at most it's only two to three billion U.S. dollars. You're really brave. One person's overseas investment is worth the combined investment of other domestic companies for several years. Of course, this is obvious. On the surface, there are also some people's overseas investments secretly, and the government may not always be able to find out. But even so, don't you think your behavior is too exaggerated? If there is no reasonable explanation, this matter It’s not good to just live like this,” Manmohan said.

Qiao Ge was a little surprised. Although he knew that the amount of overseas investment was small, he did not expect it to be so small.

However, he quickly figured out that as India has not yet carried out reform and opening up, its foreign investment is really limited.

Most companies focus on the domestic market.

This is true even for big companies like Reliance and Tata.

Now I really want to say that the person with the largest scale of overseas investment should be the later steel magnate Lakshmi Mittal.

About ten years ago, the Mittal family purchased a piece of land in Indonesia and wanted to build a steel plant.

It was not built and therefore sat idle for several years. In 1975, the Mittal family asked Lakshmi to sell the land. Finally, he discovered business opportunities and persuaded the family to build a small steel processing plant there.

Then, based on this, Lakshmi started a buying and selling model abroad, acquiring various steel companies in various countries around the world.

Of course, Lakshmi should not have started the buying and selling mode yet. It would take about two years, that is, in 1989, when he started to acquire a state-owned steel plant in Indonesia that was about to close down. Under his reforms, it did not take long to turn around the losses. Ying, making a lot of money, starting from here.

In 1989, Li Shenjing originally acquired his old employer and became one of the top five palm oil industry companies in Malaysia. Is this year magical?

Is this a turning point for a few big guys?

In other words, Lakshmi's company was one of the companies with the largest overseas acquisitions and investments before India's reform and opening up.

It was only after the reform and opening up that the Tata Group shifted its focus to overseas investments. The more famous ones are the acquisition of the automobile brand Land Rover and so on.

The current Tata Group is full of internal contradictions. After all, it is a company that has been around for hundreds of years. There are many big business problems, such as bloated companies.

With India's reform and opening up, the Tata Group later underwent reforms and increased overseas investment and acquisitions. In its previous life, the Tata Group's overseas revenue accounted for a large proportion.

Now, Qiao Ge dare not say that he is the first person in overseas investment. As far as this year is concerned, he is almost there.

"So what did you invest overseas?" Manmohan really wanted to know what Qiao Ge did with such a large sum of money.

Qiaogo thought about it and felt that his layout in Malay was almost the same. Even if the Sitharaman family knew about it at this time and wanted to get involved in the palm oil industry, he would still have a huge advantage.

There is no way, now even if the Sitharaman family wants to acquire plantations on a large scale, they probably won't be able to get much.

Because there are almost no plantations for sale on the market, if you plant oil palm from scratch on your own, it will take at least several years to achieve scale.

Moreover, Jogo does not believe that the Sitharaman family can allocate nearly tens of billions of rupees to compete with him.

He has now invested more than US$765 million in the Malaysian palm oil industry, which is close to tens of billions of rupees.

The most important thing is that when I made the acquisition, the assets of both the plantation and the oil mill were at a low level.

If the Sitharaman family takes action now, the price will be at least twice as much as theirs.

Since Manmohan asked, he could reveal something first, just as a reminder to the government, so that in the future it would not be so abrupt for people on his side to propose liberalizing palm oil imports.

So Qiao Ge talked about investment in Malaysia.

Manmohan was shocked when he heard this.

This guy has a lot of domestic projects, and he still has the heart to go abroad to make such a big investment.

"So, you just went to Malay and spent US$255 million to acquire the Guinness Palm Industry Company? Is it worth it?" Manmohan asked, "Also, you are only investing in the palm oil industry abroad. Is it too risky to be so concentrated?”

He was a little confused about Qiao Ge's investment.

It was too concentrated, so I invested in this industry.

Originally, with such a large amount of money, Qiao Ge could invest in many industries, which could effectively share risks.

"Mr. Singh, I am optimistic about the palm oil industry," Jogo said.

"Tell me about it." Manmohan smiled.

"Palm oil is cheap and can be said to be cheap and high-quality. I believe it will definitely have great potential in the vegetable oil market in the future." Qiao Ge said.

"On what basis are you basing your judgment? Don't say anything about being optimistic about the world's economic development in the future. These may be hollow." Manmohan said.

He is an expert in economics and must have studied the economic trends of the world.

"I don't have such big ideas. I just thought, why doesn't India import such cheap and beautiful palm oil?" Qiaogo asked.

These words made Manmohan's face sink.

Qiaogo ignored it and continued: "I thought, China will definitely import palm oil in the future, so if I have a palm oil industry in Malay, how can the country give priority to it and import from me first? Aren’t you getting rich?”

"You really dare to think about it." Manmohan said with a solemn expression. "Do you think you are the only one who knows that palm oil is cheap? Why is domestic palm oil import so small and the country has not liberalized it? Do you know why?"

"I know." Qiao Ge knew that he could pretend to be stupid about some things, but if he pretended to be stupid about everything, he would treat others as fools.

Especially when faced with a big shot like Manmohan, is he someone who is easily fooled?

"oh?"

"Probably there are vested interests in the edible oil market that are blocking it." Qiao Ge said with a faint smile.

"Now that you know it, you should know that it is unrealistic to allow large amounts of palm oil to be imported into the country." Manmohan said, "I understand your thinking. Maybe you will say that one day it will be liberalized. I have nothing to do with this." Opinion, but how many years will this be in the future? One year, two years, or ten or twenty years? You can’t say for sure, wouldn’t your investment in Malaysia be at a loss?”

"No." Qiaogo said immediately, "Mr. Singh, you misunderstood. I am betting on the domestic market, but even if the domestic market has not been liberalized, the international demand for palm oil is still in short supply, so I am not worried. You will lose money by investing there. It’s nothing more than making less and making more.”

Manmohan thought about it. He was too focused on the domestic market just now. Palm oil is still very popular internationally. After all, the price is set here.

The cheapest among vegetable oils, especially since it can be used in many industries, the demand is indeed not small.

"Also, I am not that pessimistic about the liberalization of the domestic palm oil market. Mr. Singh said that it will take ten or twenty years, but I do not agree with it. Of course, one or two years is probably not possible, but it may still be possible in three to five years." It's possible." Qiao Geyou smiled.

"Why is it unlikely in one or two years?" Manmohan asked, "Are you so sure?"

"I'm pretty sure about this. The edible oil industry is currently dominated by soybean oil, rapeseed oil, etc., which are monopolized by several major domestic companies. If they want to liberalize the import of palm oil, can they agree?" Qiao Ge asked, " So I think this is unlikely in the short term, but the price of palm oil is here. As the per capita consumption of edible oil in the country increases, palm oil is a good option to increase. My idea is not unfounded. , the Sitharaman family’s recent large-scale investment in the domestic edible oil market shows their determination. If palm oil imports are liberalized at this time, wouldn’t it be a huge blow to them, and they will never agree.”

"Humph, do they need to agree to the government's decision?" Manmohan snorted coldly.

Hearing this, Qiao Ge's eyes lit up, okay, if you don't give eye drops to the Sitharaman family at this time, you would be really sorry for this good opportunity.

Jogo decided to let today be the turning point for the Sitharaman family.

~~~~~~~~~~~

Note: Thank you all for your support. At the end of the month, the monthly votes exceeded 1,000. As agreed, I will add more updates, but I will still publish it in two chapters, and the number of words in each chapter will increase. Each chapter is usually 3,000 words, one day is 6,000 words, and tomorrow there will be two chapters of 5,000 words each, a total of 10,000 words.