Wednesday, August 23, 2006

Anil Ambani in Kolkata!!


Anil Ambani is in a very difficult position these days. His historical blunder of aligning with Samajwadi party has put him in bad books of Sonia Gandhi. And with Congress in power at center Anil Ambani is finding it difficult to do business anywhere in the country. He has already lost the Delhi & Mumbai airport and things are not looking very bright for Dadri power project either.

But now he has found a solution. CPI (M) is a perfect partner for him. First CPI (M) has good equations with Samajwadi party in general and Amar Singh in particular. Second CPI (M) is looking for corporate investments and considering its communist history few are willing to take the bait. Third and most important is the dynamics of Congress and CPI (M) relationship.

CPI (M) is natural rival to Congress in West Bengal and hence will never be comfortable in bed with congress at center. CPI (M) by nature has to oppose all economic development measures that the congress government takes but at the same time it knows that it cannot take back support for the time being. On the other hand congress is also not very comfortable with CPI (M) as partner but knows that CPI (M)’s support is critical to continue ruling the center.

Hence it’s the only ray of hope for Anil Ambani. If he invests in West Bengal the CPI (M) government would be more than willing to roll out the red carpet as they would be able to showcase his big ticket announcement to attract other investments. Secondly they know Anil Ambani is in bad books of Congress/ Sonia Gandhi and so it’s a good way to show their defiance without confronting them head on. Sonia Gandhi/ Congress would also like to ignore it as they would not like to spoil their relationship with CPI (M). For Anil it’s the only place in India where he can do business in peace without fear of Sonia Gandhi looming over his head.

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