Sunday, March 24, 2013

ANAND SHARMA – THE INDUSTRIES MINISTER, MORE LOYAL THAN THE KING


Our Minister of Trade and Industries, Anand Sharma, from the very outset, he took over the industries portfolio always liked to play to the tunes of Prime Minister, Dr.ManMohan Singh. Mr.Sharma is like a court jester who is more loyal than the king and he finds delight in it. The gentleman though soft-spoken and mild-mannered since he assumed his new avatar, perhaps even before that, is one of the foremost champions of neo-liberal reforms which since 2009 has exposed itself its dark sides in the form of scams and scandals which drained the exchequer of crores and crores of rupees. The opacity with which the deals were implemented amounting to billions and billions of dollars is known across the nation as a whole. While initiating neo-liberal reforms the most significant steps which need be taken into account are the feasibility and transparency of the deals signed with foreign countries so as not in any way cause loss to the exchequer.
When it comes to the defence deals with other nations like Italy, France, Germany, United Kingdom and USA, the most cardinal steps need to be observed are the exclusion of middle agents who are pastmasters in the art of pocketing a sizeable chunk of money,thus depriving the nation of large funds.
Even after so many instances of middle men siphoning off large amounts to the tune of millions and millions of dollars as commission the govt has so far not taken vital steps to stop this dirty practice.
Recently the story of massive fraud came into light by which a former Air Marshal and his three relatives including a few other persons reportedly got away with millions of money in a deal with an Italian based defence firm. Fin Meccanica’s Augusta Westland helicopters numbering about twelve and it is reported that only three Augusta Westland helicopters have been delivered to India and the rest nine numbers are to be delivered in due course.
Our defence Ministry is handled by the ‘principled uncorrupt gentleman’ in the Indian National Congress. Yes, he is none other than A.K.Antony, under whom the murky deal with the Italian firm was signed without keeping him aware of it, allegedly by the bureaucrats in his Ministry. On coming to know about it he was reportedly shocked and without second thoughts he ordered the cancellation of the contract with Fin Meccanica.
It is relevant at a moment like this, not signing deals with other countries barring exceptional cases is to take vital steps to manufacture indigenously developed weapons. Our nation is blessed with skilled-manpower and the wherewithal to develop weapons indigenously which would benefit us a lot in the long run.
But Anand Sharma, the esteemed ‘Industries Minister is not yet convinced. He is still immersed in the make believe world of neo-liberal reforms which he sees as the panacea for leading our defence sector to self-sufficiency.
Day before yesterday, in a letter addressed to his Master Dr. ManMohan Singh he was reported to have recommended to raise 26 percent to 74 percent FDI (Foreign Direct Investmet) in the Defence sector. What would be the result in the event of raising 26 percent to 74  percent  FDI in the Defence Sector is inexplicable. Even without adhering to much needed transparency in FDIs especially in a sensitive sector like Defence Sector is to put it simply is a Himalayan blunder, it is worth remembering that India unlike US and Britain is still a developing country. While we do have tremendous potential to develop and manufacture indigenous weapons, why invite massive investments from other nations?

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