An article by a Pakistani Journalist about India

Capital suggestion
By Dr Farrukh Saleem
12/9/2007

Here's what is happening in India:

The 2 Ambani brothers can buy 100% of every company listed on the Karachi Stock Exchange (KSE) and would still be left with $30 billion to spare. The four richest Indians can buy up all goods and services produced over a year by 169 million Pakistanis and still be left with $60 billion to spare. The 4 richest Indians are now richer than the 40 richest Chinese.

In November, Bombay Stock Exchange's benchmark Sensex flirted with 20,000 points. As a consequence, Mukesh Ambani's Reliance Industries became a $100 billion company (the entire KSE is capitalized at $65 billion). Mukesh owns 48% of Reliance.

In November, comes Neeta's birthday. Neeta turned 44 three weeks ago. Look what she got from her husband as her birthday present: a $60 million jet with a custom fitted master bedroom, bathroom with mood lighting, a sky bar, entertainment cabins, satellite television, wireless communication and a separate cabin with game consoles. Neeta is Mukesh Ambani's wife, and Mukesh is not India's richest but the 2^nd richest.

Mukesh is now building his new home, Residence Antillia (after a mythical, phantom island somewhere in the Atlantic Ocean). At a cost of $1 billion this would be the most expensive home on the face of the planet. At 173 m tall Mukesh's new family residence, for a family of 6, will be the equivalent of a 60-storeyed building. The first 6 floors are reserved for parking. The 7^th floor is for car servicing and maintenance. The 8^th floor houses a mini-theatre. Then there's a health club, a gym and a swimming pool. 2 floors are reserved for Ambani family's guests. 4 floors above the guest floors are family floors all with a superb view of the Arabian Sea. On top of everything are 3 helipads. A staff of 600 is expected to care for the family and their family home.

In 2004, India became the 3^rd most attractive foreign direct investment destination. Pakistan wasn't even in the top 25 countries. In 2004, the United Nations, the representative body of 192 sovereign member states, had requested the Election Commission of India to assist the UN in the holding elections in Al Jumhuriyah al Iraqiyah and Dowlat-e Eslami-ye Afghanistan. Why the Election Commission of India and not the Election Commission of Pakistan? After all, Islamabad is closer to Kabul than is Delhi.

Imagine, 12% of all American scientists are of Indian origin; 38% of doctors in America are Indian; 36% of NASA scientists are Indians; 34% of Microsoft employees are Indians; and 28% of IBM employees are Indians.

For the record: Sabeer Bhatia created and founded Hotmail. Sun Microsystems was founded by Vinod Khosla. The Intel Pentium processor, that runs 90% of all computers, was fathered by Vinod Dham. Rajiv Gupta co-invented Hewlett Packard's E-speak project. 4 out of 10 Silicon Valley start-ups are run by Indians. Bollywood produces 800 movies per year and 6 Indian ladies have won Miss Universe/Miss World titles over the past 10 years.

For the record: Azim Premji, the richest Muslim entrepreneur on the face of the planet, was born in Bombay and now lives in Bangalore. India now has more than 3 dozen billionaires; Pakistan has none (not a single dollar billionaire).

The other amazing aspect is the rapid pace at which India is creating wealth. In 2002, Dhirubhai Ambani, Mukesh and Anil Ambani's father, left his 2 sons a fortune worth $2.8 billion. In 2007, their combined wealth stood at $94 billion. On 29 October, 2007, as a result of the stock market rally and the appreciation of the Indian Rupee, Mukesh became the richest person in the world, with net worth climbing to US $63.2 billion (Bill Gates, the richest American, stands at around $56 billion).

Indians and Pakistanis have the same Y-chromosome haplo group. We have the same genetic sequence and the same genetic marker (namely: M124). We have the same DNA molecule, the same DNA sequence. Our culture, our traditions and our cuisine are all the same. We watch the same movies and sing the same songs. What is it that Indians have and Pakinstanis don't?

INDIANS ELECT THEIR LEADERS