Friday, October 21, 2005

Politics Again

Well politics in India can make its mark almost everywhere. No sector, No industry leave alone people can escape the horror called as politics. The recent news regarding the Bangalore International Airport Limited is the best example of how shabby politics can become at some times.

On 20th of October 2005, N R Narayanmurthy, Chairman and Chief Mentor, Infosys Technologies resigned as the chairman of the Bangalore International Airport Limited. N R Narayanmurthy took this step after being deeply hurt by Deve Gowda who questioned the work done by him in the airport project. Former Prime minister Mr. H D Devegowda who is one of the leaders in the coalition government was one of the main reasons for the ongoing tussle between IT Industry and the Karnataka government.

Deve gowda made several allegations over the working of Narayanmurthy. He went on to say that Murthy being a world traveler took so much of time for the project to start. Murthy had said in one of the meetings for the shift of focus from rural governance to urban governance. Devegowda ridiculed this word of Murthy and said that the views of elite did not tally with reality and questioned the latter's knowledge about rural life.

Devegowda went to the extent of saying that the Karnataka government should look into the issue of giving land to the IT companies and cautioned Singh regarding the recent allotment of 845 acres to Infosys. Murthy's resignation has again revived the love-hate relationship between the IT sector and the state government over the city's infrastructure.

This example is a clear indication of how much politics can ruin the normal working process of our country. We all know how much important are the international airports for our country. The congestion of the airports is a very serious problem right now for our country. The flights get delayed frequently and the poor infrastructure makes the flight departure and arrival still bad. The project had started because of the extensive efforts of Murthy only. He spent enormous amount of time and energy in interacting with the Government in New Delhi and the Government here to make this work. The records prove themselves. But at the end of day even the Karnataka Government did not come to his side. This is really a shameful act.

Meanwhile at home in Hyderabad the International Airport (HIAL), which is coming up at Shamshabad, is doing well and its financial closure has also happened recently. GMR group and the Malayasia Airport Holdings are promoting it. I think this is the best example of Project Finance, because the risk in the venture is very high. By 2008 the capacity of the airport would be close to 70 lakh people per year. It’s expected by 2018 the airport would be able to handle close to 40-50 million people.

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