Title: Nehru & Indira drove away Intel from India; it went to China: BJP
In a recent statement, BJP MP Nishikant Dubey has claimed that the former Prime Ministers Jawaharlal Nehru and Indira Gandhi played a significant role in driving away semiconductor companies like Intel and Fairchild from India, ultimately leading them to establish their operations in China. This statement has sent shockwaves across the nation, with many questioning the veracity of Dubey’s claims.
According to Dubey, the reason behind Intel’s departure from India was the unfavorable business environment created by the Nehru and Indira governments. He alleged that the government’s policies and bureaucratic red tape discouraged foreign investment in the country, making it difficult for companies like Intel to operate successfully in India.
Intel, one of the world’s leading semiconductor companies, was founded in 1968 by Gordon Moore and Robert Noyce. At the time, India was still under British colonial rule, and the country’s economy was largely stagnant. After India gained independence in 1947, the government led by Jawaharlal Nehru initiated a series of reforms aimed at transforming the country’s economy. However, many foreign companies, including Intel, were hesitant to invest in India due to concerns over the country’s economic stability and regulatory environment.
Dubey’s claim is that Nehru and Indira Gandhi’s policies and actions further exacerbated the situation, ultimately driving away Intel and other foreign companies from India. For instance, he pointed out that the government’s decision to nationalize key industries, such as steel and banking, created an unfavorable business environment for foreign companies.
Another factor that contributed to Intel’s departure from India, Dubey claimed, was the country’s lack of infrastructure and skilled workforce. At the time, India’s infrastructure was underdeveloped, and the country lacked a skilled workforce with the necessary expertise to support the growth of the semiconductor industry.
Intel ultimately decided to establish its operations in the United States, where it was able to benefit from a more favorable business environment and access to a larger market. The company’s decision to locate in the United States was a significant factor in the development of Silicon Valley, which has since become a global hub for the technology industry.
Dubey’s statement also highlighted the role that India’s labor laws and regulations played in driving away Intel and other foreign companies. He claimed that the country’s labor laws were too stringent, making it difficult for companies to hire and fire employees, and that the government’s regulations were too complex, making it difficult for companies to navigate the business environment.
Fairchild Semiconductor, another American company, was also driven away from India by the country’s unfavorable business environment. Fairchild, which was founded in 1957, was one of the first semiconductor companies to establish operations in India. However, the company was forced to shut down its operations in the country due to the government’s decision to impose strict regulations on the industry.
Dubey’s statement has sparked a heated debate in India, with many questioning the accuracy of his claims. Some have pointed out that Intel and other foreign companies were not interested in investing in India due to the country’s economic instability and regulatory environment, rather than the policies of Nehru and Indira Gandhi.
It is also worth noting that Intel and other foreign companies were not the only ones to establish operations in China. The country’s economic reforms, initiated in the late 1970s, created a business-friendly environment that attracted foreign investment and helped to drive the country’s economic growth.
In conclusion, the statement made by BJP MP Nishikant Dubey has sparked a significant debate in India about the country’s economic development and the role that foreign companies have played in its growth. While Dubey’s claims may be disputed, they do highlight the challenges that India has faced in attracting foreign investment and the importance of creating a business-friendly environment.
Sources:
