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by hvaoc
2143 days ago
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Jio’s parent company reliance is a textbook crony capitalism model. Since it’s inception they have been able to get unfair advantage by having or buying insiders from the government also they hire ex-bureaucrats for their network and no the moves in the government before it becomes public. On top of it Indian government was holding back retail market access from international competition till they get to ramp up (which they have done for donkey years). So if you need access to Indian market, you have cost up with Reliance and that’s why you see big players lining up. If you manage to find it watch On YouTube their annual conference of a sort (similar to US Tech Companies), you will see all of this on display. Essentially they are the Indian Government. |
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Case Point : TurboTax