Press "Enter" to skip to content

Sajjan Jindal wants India Inc to unite in #BoycottingChina, Anil Agarwal & Paytm boss optimistic about country’s digital transformation – Economic Times

NEW DELHI: The clash between Indian and Chinese troops in the Galwan Valley has left a bitter taste. After India lost 20 soldiers in the border stand-off, the government carried out a ‘digital strike’ on the neighbouring country by imposing a ban on 59 Chinese apps that include TikTok, UC Browser, SHAREit, WeChat, CamScanner and Mi Community, among others.

Enough is enough, believes the India Inc bosses too. They are planning to show a united front in giving China a befitting reply.

On Monday, $14-billion worth JSW Group owner Sajjan Jindal took to Twitter to urge industrialists to stop imports from the neighbouring country. He said that said business cannot go as usual while India soldiers get killed at the LAC by the Chinese.

The industrialist further said that this is an opportunity for all to come together and push for a stronger Atma Nirbhar Bharat.

This is an opportunity for us all to come together and push for a stronger #AtmaNirbharBharat . Let us support our… https://t.co/L0GQ9xzY0r

— Sajjan Jindal (@sajjanjindal) 1594019179000

The 60-year-old businessman pointed out that China became important for many businesses in India to maintain healthy margins. “This situation has come because of our complacency in blindly accepting cheaper imports from China rather than developing our own domestic vendors,” he wrote.

A lot of my friends & co-industrialists are upset as their business with #China is imp to maintain healthy margins… https://t.co/PnxuMUzVg9

— Sajjan Jindal (@sajjanjindal) 1594019178000

Last week, Parth Jindal, son of Sajjan Mittal and MD of JSW Cement, also expressed disappointment over China’s action on Indian soil.

Terming it a huge wake up call, he announced that the JSW Group, which has a net import of $400 mn from China annually, will bring it down to zero in the next 24 months.

The unprovoked attack by the Chinese on Indian soil on our brave jawaans has been a huge wake up call and a clarion… https://t.co/lUoDBsxsXm

— Parth Jindal (@ParthJindal11) 1593667846000

A company official had last week estimated that over 70-80 per cent of imports for the USD 14-billion JSW Group takes place for its steel and energy businesses which includes machinery and maintenance equipment.

The Jindals are not alone. Right after the ban was announced last week, Corporate India said that this was a great opportunity for the country to ‘Make in India’.

Anil Agarwal, Executive Chairman of Vedanta Resources Limited, said this is a great opportunity for India to leapfrog its digital infrastructure.

He also tweeted that the apps ban will encourage Indian entrepreneurs to develop new ones.

“Globally, Indian minds have lead advancements in IT and digital properties. Start-ups should be permitted differential voting rights. Then, they can grow to become global companies with founders still in control,” he wrote.

Ban of 59 apps will encourage Indian entrepreneurs to develop new ones. Globally, Indian minds have lead advancemen… https://t.co/nX4ef5AIyS

— Anil Agarwal (@AnilAgarwal_Ved) 1593516732000

The 66-year-old businessman feels India has the technology, value addition and capability to be the world’s optical fibre capital. It is time to make this shift toward investments in digital infrastructure.

India has full technology, value addition and capability to be the world’s optical fiber capital. It is time to mak… https://t.co/rHxMagciX6

— Anil Agarwal (@AnilAgarwal_Ved) 1593430725000

“A single tender of China Mobile is for almost 120 million km to be deployed this year – this is almost equal to the total amount of fibre deployed till date in India for the last 20 years,” his post read.

Biocon Executive Chairperson Kiran Mazumdar Shaw believes that techies and start-ups can take advantage of the app ban, and can innovate new and better versions.

He stressed that this ban will force the Indians to develop new apps which can revive tech jobs in a big way. “If they (tech start-ups/techies) miss this opportunity (to leverage the app ban), then they have themselves to blame,” she wrote.

The Government has actually provided a huge opportunity to tech start ups to leverage the App ban n create new and… https://t.co/8m7pXgAoZx

— Kiran Mazumdar Shaw (@kiranshaw) 1593504824000

Calling it a step towards Atmanirbhar App ecosystem, Paytm Founder Vijay Shekhar Sharma also lauded the government’s ‘bold step’ taken in the national interest. “Time for the best Indian entrepreneurs to come forward and build the best by Indians, for Indians,” he posted on the micro-blogging site.

Bold step in the national interest. A step towards Atmanirbhar App ecosystem. Time for the best Indian entrepreneur… https://t.co/7bqlTTHPyq

— Vijay Shekhar Sharma (@vijayshekhar) 1593454083000

Last week, Mahindra Group Chairman Anand Mahindra engaged in a war of words with the Editor-in-Chief of the Chinese state-run media, Global Times, Hu Xijin.

I suspect this comment might well be the most effective & motivating rallying cry that India Inc. has ever received… https://t.co/JzMGz5dh6K

— anand mahindra (@anandmahindra) 1593519436000

The War Against Coronavirus: Pichai, Jack Ma, Ambani & Other Top Bosses Show The Way

Play Slideshow

Ma’s The Word

25 Mar, 2020

Chinese billionaire Jack Ma (C) showed his benevolent side as he pitched in to help the world fight the novel coronavirus. The founder of e-commerce major, Alibaba, Ma became the most talked about business figure after he said that he would marshall all available resources at his disposal to take on Covid-19. From donating emergency supplies (1.8M masks, 210K test kits, 36K protective suits, plus ventilators & thermometers) to Afghanistan, Bangladesh, Cambodia, Nepal, Pakistan & Sri Lanka in Asia to donating 20,000 test kits, 100,000 masks and 1,000 medical use protective suits in each of the 54 African countries, the 55-year-old proved that he was a good Samaritan whose charity was not mapped by geographical boundaries. And even as the business magnate didn’t have India in his list of beneficiaries, there was much talk in the country about his act of generosity. And what followed were natural questions: who among India’s rich was doing a Jack Ma?And it’s not just one individual, but a bunch of lion-hearted boardroom tycoons who have taken the pledge to help fight the virus that has thrown life off-track, in India and across the world.