Public opinion on ADB's $10 billion investment in India's urban infrastructure is predominantly positive, with appreciation for the focus on renewable energy. Many express optimism, pride in national growth, and confidence in leadership, particularly under Prime Minister Modi. However, there is skepticism due to concerns about solar energy efficiency, land usage, geopolitical comparisons, transparency issues, real estate market, corruption, inequality, and potential money laundering. Despite these challenges, the overall mood is hopeful about India's capability to leverage these investments for meaningful growth.

Indian Government

Prime Minister Modi

Tata and Adani

Mukesh Ambani/Jio

America :exists

Geniuses everywhere

https://preview.redd.it/jcxxo6v93ife1.jpeg?width=700&amp;format=pjpg&amp;auto=webp&amp;s=04fd25dffa713829447c015e97afd11987f6c6cf

Zeroshame15

CoolAmericana

NotAKansenCommander

Yes, you definitely did not need some company from the Netherlands to get there or anything *coughing sounds*

https://preview.redd.it/jaii3nms1kfe1.jpeg?width=1701&amp;format=pjpg&amp;auto=webp&amp;s=b0ab769fcacff8ada7f282723b0062f4ca37d2f1

GerWeistta

To be fair, I do kinda wish we had bottlecaps like this.

JacenVane

\*Good luck competing with Deepseek and Bytedance, until the bubble burst\* 

At least there is some use for it...

[Trump Admin Accused of Using AI to Draft Executive Orders](https://futurism.com/trump-admin-accused-ai-executive-orders)

I_saw_Will_smacking

You are evil for making me side with europoors, who tf likes MORE AI?

Sesemebun

aren't the bottlecaps intentional though? it's to reduce single-use plastic waste. and personally, i was in the Netherlands a little while ago and i didn't mind it. it's just an acquired taste.

manumaker08

Waltermondale84

If you want to compare our innovations why choose AI? I'd rather the stupid bottle cap that doesn't really change anything over all the ai shit that's been degrading everything.

Ihasknees936

Well technically europoors invented the USA.

AdministrativeMost93

gunnnutty

Ah yes, bottle caps instead of ASML, really fair comparison...

lpuglia

Mateos77

LilJesuit

https://preview.redd.it/dzdz52u77yfe1.jpeg?width=2132&amp;format=pjpg&amp;auto=webp&amp;s=a17e7f2045dda25e39f87743ecb4e0e95c897a2c

HenryCase1984

I haven't been to the US in a couple of years. Do you guys also have these caps?

Glaesilegur

➡️ r/yuropcirclejerk if you want to further enjoy shitting on eurocucks mentality

nhatthongg

The internet itself is an American invention. Don’t let them tell you otherwise.

SierraDespair

What is that, the supercomputer from Evangelion?

brus_wein

The top one would make the streets near me less ugly.
The bottom one is just irrelivent.

electrical-stomach-z

Dundertrumpen

 Guess it's a good time to buy AI stocks, since they're plummeting.

secretbudgie

I so hope Elon causes a civil war so u stupid fcks realise how dumb your system is and how bad your GPD spread is, your econ is worse then 1700 France.. like your 1% has more wealth in comparison to the rest then the monarchy of France before the revolution. Please enlighten us more on how this is a good idea 🤣🤣🤣🤣

Maleficent-Idea-4480

evgeny3345

True European innovation:

https://preview.redd.it/xqlw58rzbwfe1.png?width=801&amp;format=png&amp;auto=webp&amp;s=f6bea2027dc9ad641a05d858e948f621d0889e4f

Sassi7997

Username988676

MudNoob

I'm so fed up with that - since it's adoption this is EASILY more than 1000th time I've seen bottle cap for "no innovation in Europe"

idk, find something else, there's plenty

Julczyk0024

Keep in mind that India has significant barriers to entry for foreign companies and investments, and a proven track record by the Indian government to penalize foreign operators in order to protect local champions. 

Most foreign companies who want to operate in India are now choosing the locally preferred and endorsed structure of taking a minority stake in a vehicle owned by an Indian business partner. 

And it just so happens that the Indian business partners that are the best connected are already billionaires. 

So at this point, you have a choice. You can give a ton of money to Indians richest men in order to do business in India, or you can not do business in India.

Bizzle_worldwide

Ambani, an industrialist, founded Jio and pumped it with $35 billion to blanket the country with a high-speed 4G network, which brought the price of data down to pennies. 

The article makes it seems like the guy is taking the money. If you read it, the richest guy gave people in india a better infrastructure with his own money to help people who couldn't afford it a better life style.

[deleted]

I am not pro-Ambani, neither am i against him. The thing is, I used to ignore this guy before 2017. He was just a rich guy from India and owned quite a few of brands that i used in my daily life, just like tata and nestle. But then he launched Jio, and it completely changed the landscape in India. He offered a service, that was not only very cheap, but also helped toward improving the internet usage in India.  Internet was a myth in rural India before 2017. My hometown had only one ISP and they used to charge quite a sum of money for few GBs of internet. In my mother's hometown, there was no such thing as internet. But now, we can video call them whenever we want. They now use internet for their benefit and it has affected the village in quite a positive way. I know he is hiking the price now days, but compared to pre Jio era, it is nothing. I don't know if he is a good person or not, but I am thankful for him for this, because now every ISP provider has to compete with Jio and competition is good for the consumeres.

i_know_i_am_crazy

So their concern is about a corporate investing money into another corporate? Did they expect the corporate giving money to the country or what?

LumpyActive

Misleading title much?

It sounds like the guy is taking a $5 billion kickback.

ianrobbie

As far as I read , google invested $4.5 B for a 7.7% stake in jio.

This man really setup a telco and gave away one whole year of internet, phone calls and messages for free.

They just announced a new suite of services like Google glass and AR. ( called jio glass , no surprises there)

Because of their competitive pricing , Internet has comedown from ₹450 ( $6) to around ₹20 ( $ 0.3 ). And it’s a massive deal because of the economic conditions of the country.

_bifrost_

Misleading title. But hey, it comes from buzzfeed, so not that surprising.

The money is being invested in a company, through development contracts.

It is not going in the pocket of its owner.

randomFrenchDeadbeat

Isn't this a little misleading or am I not understanding?  Nearly half of the money is going to a telecom company (for the infrastructure) that's owned by the country's richest man.  To do work - they're not just dropping 5 billion into his bank account.

undefined_one

wow the title is misleading and trying to make it look like the money is embezzled. It's visibly going to telecoms and Ambani is the head of a large telecom company (380M subscribers). India has an internet access level of about 50% and he drove prices down after investing *$35B* in it so it makes sense they'd work with him (*As part of the Jio investment, Google and Jio will also work together to create an affordable, entry-level Android smartphone for more than 500 million Indians who still don't have access to the internet, both companies said* sounds like a good thing to me ?). Giving net access and investing in education (and tech) for the population is generally a good idea.

You're all looking in the mouth of a $35 000 million gift horse because it came from a corporation. If it helps the population the move should be encouraged.

justkjfrost

&gt;Shitty sensationalized headline.

Upvotes to the left.

CornHellUniversity

Guys, I live in a rather remote town of Western Ghats. I am moving to the town from from a big city thanks to the fiber net by this "billionaire", I don't mind his company getting money..

Yeah what the fuck is did you expect? That they'll just give $10 Billion away?

Of course the investment is going to the person who owns the property for their new factories.

Seriously what the fuck are these headlines, they're getting more moronic on this sub by the day. It literally reads like if some angsty 15 year old anarchist just found out what (tech) companies have been doing all along

Rawrplus

Yeah, the man who has become rich by bringing the country out of the dark ages, a proven track record of improving the country.

What the hell do we want? Do we want them to actually make a difference or just glad-hand the money to people who will only better themselves? This isn't a tax handout, it's investment directed at making the country as a whole better. That's results based and this was the right call.

lightknight7777

Man, that is the most misleading headline I've seen in a while, I would strongly encourage everyone to actually read the article and then make their own judgements.

SilverLightning926

????? This is how investment works, did reddit actually think they were going to be handing money out to poor ppl or something????

Limewire-_-

Ambani is also responsible for bringing digital India. Its cuz of him we have the cheapest mobile broad-brand prices in the world.

Edit: Typo bringing

aniketsinha101

u/SilverLightning926 doing hard work out there trying to make stupid _kill the rich_ anarchists actually read the article. Kudos to you

MC_John-117

Wow... lots of blatantly wrong statements here. I’m not offended by anything you say, pretty much everything you said is either incredibly stupid or just plain wrong. Racism, sexism, and hate speech is not “perception”. Neither am I projecting a hatred of wealthy people onto you. I am stating that you are willfully ignorant. I don’t hate you, but I do think that you are stupid by choice. Monopolies, as provided by Mr. Ambani, are LITERALLY the opposite of choice. Now, since you’re pretty thick, I’ll explain in depth.

Government options are choice. A government option generally can provide the service at the lowest price, for a number of reasons. For starters, the government option is, in a democracy, controlled by the people. There are no middlemen, leeching off the work of the service and providing nothing to the populace. This can be very clearly seen in modern public services. The Fire Department doesn’t generally extort people for money in exchange for saving their house. Police aren’t generally for-hire bodyguards. The light department doesn’t typically install backup generators exclusively for private citizens, and the water department doesn’t typically exclusively filter water for the wealthy. All of which cost significantly less than private services would, and the majority of the profits go to the workers opposed to management. Meanwhile, fire alarm and protection systems, private security, and auxiliary power and water systems are available for an increased price point (while citizens still benefit from the base services). In contrast, companies such as Amazon, Walmart, and Reliance Industries pay their employees minimum wage and expect taxpayers to make up the difference with food and housing subsidies paid for with others taxes, while providing a subpar service. They attempt to be the only service provider in order to maximize profits. 

If you’re ok with letting people starve to death in the streets while making minimum wage working 12-16 hours a day every day, that’s a valid viewpoint. It’s a stupid, arrogant, and generally asshole viewpoint. 

Although, you did fail to elaborate on how your proposition that black people stop being black would solve racism in America. Please, elaborate.

SmurfSmiter

Its a geopolitcal strategy for the west to strengthen their relationship with India. Looking at how china develops, the only chance to stay competitive is to get India on the western side of the planet.

In romanian “am bani” means “I have money, he’s definitely living up to his name

GrooveRedman

He gets the money so he can allocate it appropriately. It’s not like he’s going to go buy himself a bunch of Lambos and yachts. That’s embezzlement or something like that.

pluggrup

I mean, how else would it trickle down? You don't want to miss out the top 1%!

Weaksoul

Stupid clickbait headline is stupid. 

He's not going to dump it in a bin and swim around in it like Scrooge McDuck, he's going to put it to work to develop goods and services in India for Indians and for export.

Bhai get a job. You appear on my feed whenever I open this app. Are you a bot

Saif231

Actually, this isn’t China lending to India. It’s the Asian Development Bank (ADB), a multilateral institution led primarily by Japan and the U.S., with China holding only around 6% voting share. ADB funding comes collectively from multiple member nations, global bonds, and retained earnings - not directly from China.

zazizazizu

Open-Evidence-6536

Downtown-Teach8367

Most Indian Redditors seem to have an IQ of 10.

Unlucky_Locksmith941

Not you bro i was the dumb guy here because I joined your WhatsApp channel believing you are trade guru etc but deep down you are much dumber than me it's a fuking Asia Development bank not people republic bank of china 
The voting rights in ADB is Japan 15% china 6.4% India 6.3% so it's more like majority stake Japan bank not ching chong bank

gopal128203

OP, tu thoda nahin bahut bada waala hai.


Padhai kar le ya fir Thar mein hi ghoomta firega?

UglySuperVillain

Maybe? Shouldn't we leave this stuff to the government they definitely have people with phds in economics who know when to loan and from whom.

drifttsar

Due-Manufacturer9069

This is called External debt that is never talked about

India's total external debt has been continuously growing now 19% of GDP

Without loan from ADB you would not be boasting about the great work in infrastructure since 2015

$217 million in 2015

$200 million in 2015 for renewable energy

$400 million in 2023 for urban reform

Again in 2024 for Power plant in Gujarat

$181 million for gift city

For this type of more exclusive content and market updates daily 24*7 follow our WhatsApp channel we promise you will never be disappointed

https://whatsapp.com/channel/0029Vb6dI4LFXUuUjbs9Ec2F

mohityadavv

Hey Foxconn, when are you building that factory here in WI that you promised to build?

Oh yeah, never.

opeth10657

I have a feeling they are going to treat Indian workers worse and pay them less.

Bmw-invader

Will it decrease the price of iPhone in India?

Sora984

So that is where Wisconsin's tax credits to Foxconn are going...

gmmyabrk

Yeah, so there is strict import tariffs on products such as iPhones and Macs in India because they don't meet a threshold of domestic production, resulting in already expensive product costing even more in India. Like iPhones which cost say 1000 dollars would retail at 1600-1700 dollars in India. Because of this the market share of iPhones in India is less than 1% of premium phone market in India, and the premium phone market is only 5% of the total smartphone market in India which in itself is only around 50% of the total smartphone market, rest of it being occupied by non-smartphones. So you can understand the potential of the market growth for Apple in India as the western market for Apple is getting increasingly saturated. For years Apple has been trying to make it in India, there is brand recognition and ability for certain sections of the population to purchase them, but people tend to shy away given the premium pricing on top of the already premium price of iPhones. The government of India did not budge on letting Apple sell their products without meeting the domestic production threshold, and Apple decided to give in and the timing around China's political moves and USA's response to them have only made Apple's decision to increase their investment in India only more concrete.

Tucyred

don't forget to outfit your new factories in India with those suicide nets!

notthefullsoda

Great, now they/we can exploit Indian people instead of Chinese people!

/s

Edit: spelling and added "we", good point.

LvvrFr

... and so it begins ... The CCP has irritated almost everyone. Many companies and countries are pulling away from China. The violation of treaty commitments in Hong Kong were the last straw. They've even started a border dispute with Russia. See China Uncensored, ADVChina, and related YouTube channels. With the various environmental disasters in progress - widespread flooding, dam breaks, "secret" loss by the military in the Himalayas against India, one might even say that the CCP has "lost the mandate of Heaven". This is historically one of the "omens" before the end of one emperor dynasty and the beginning of another.

IMHO India is a better location for business than China. It's less "organized", but much more into real free enterprise.

gar37bic

Foxconn has promised to invest and build a factory in Talegaon,India which is 7 km from my house for the past 5 years but nothing's happening

reeshabh_jain

Nuroman

Ok but remember Foxconn lies constantly and is notorious for these declarations while pulling out of deals last minute.

Jackandmozz

USA: “Oh yeah, China?! Well fuck you. We’re done doing business.” 

Also the USA: “Helloooo India!!! How’s my favorite nation!”

SaigoBattosai

India speaks English.  End of discussion. The guys in the Netgear call center are awesome.

vksj

$1 billion? That’ll buy a lot of suicide nets in India.

javert01

Isn't Foxconn the company that worked with the Republicans to scam the taxpayers of Wisconsin out of their money and whose building sit empty? Why yes, yes they are.

Hell yea, can’t wait for more companies to move their workloads out of that shithole.

India is one of the few growth markets left for phones and Apple has not been able to make a dent in a while. India has tariffs for phones made outside of the country. Samsung’s biggest phone manufacturing plant is located there for a reason

Strider-SnG

Honestly I hope a lot more manufacturing leaves China and causes a massive recession there. They're empty cities, people owning 2 apartments just to be able to get married coupled with manufacturing leaving I hope it cripples them. They are the new nazis/socket union and need to be stopped!

Ben-A-Flick

Bullet_Maggnet

Lol this what every corporation should be doing right now...getting the fuck out of China.

Mari_Energi

Calm down everybody, they're merely expanding an existing site in India.

Principal_Insultant

Sounds like more of a marketing move.  Hasn’t the iPhone struggled in India?  With more of it being made there, wouldn’t this basically open that market up?  Apple is all about growth and they will do anything to chase it.

ImOutWanderingAround

It's a smart move, Apple's probably looking for more market share in the region.

gypsygib

Soooo..... Some country is using even younger children in production lines, so it's even cheaper?

206Bon3s

Any American company could do the same and should do the same. Stop manufacturing in China.

guypersonhuman

This makes strategic sense for Foxconn to do since they’re a Taiwanese company. Xi has repeatedly said one of his mandates is to reunite HK and Taiwan with China. The fact that Foxconn is one of the biggest investors and manufacturers in China is a partnership of convenience for China; they get money and manufacturing knowledge. If China wants to start putting the squeeze on Taiwan, they could simply stop trade and Foxconn sees the writing on the wall. In addition, labor is no longer cheap in China since there a many more factories than 10 years ago. Workers have more employment opportunities and expect more from their employers. There’s been a migration of manufacturing to India and Southeast Asia for the last 5 years and we’re getting to a point where the labor pool is skilled enough and the supply chain mature enough for exponential growth in these new manufacturing hubs. By moving to India, Foxconn gets cheap labor, a diversified supply chain, and tax breaks.


What’s going to be interesting is how many medium sized Chinese companies are going to move their manufacturing to India. I know a bunch of big contract manufacturing companies have already diversified in India. Foxconn’s investment (albeit small) is a signal to the larger industry that India’s manufacturing is starting to mature and ready for bigger investments.

firstapex88

Old enough to remember foxconn was keeping jobs in America.

BuddhaBarkov

Here is what’s happening. US based semiconductor manufacturers are now blocked from supplying Huawei with semiconductor chips power, logic, memory...  This is as of May 2020. 

Still US technology can be used to make chips sold to Huawei, so companies like SMIC and TSMC can still sell their chips to Huawei. 

Things don’t look like they are getting better. Now with COVID it’s getting more serious and there is a probability worse case scenario that the USA could block all exports of semiconductor devices to China, not just prohibiting sales to Huawei. This means all the components for the Apple devices now wouldn’t be able to enter China for final assembly. China could also impose their own restrictions on high tech sales. While none of the critical components are made in China, the ability to fully disrupt Apples supply chain in a game of chess against the USA is available. 

Apple has seen this coming and really accelerating as of May. Apple needs to have a facility where all the phones can be assembled outside of China. The USA and India are on relatively good terms, and India has a deep pool of cheap labor. This is the natural progression. 

Outside of high tech we will see similar patterns of transitions to India if USA-China trade relations keep going in the current direction.

1h8fulkat

Can't wait to see in a year or so an article stating "Foxconn received billions in subsidies for plant that was never built!"

Taco2010

Does this mean I can expect some new dope af Indian ring tones

BobJohnes

The Asian Development Bank (ADB) announced a $10 billion commitment over five years to support urban infrastructure projects across India, aiming to improve city services and expand metro networks.

ADB's $10 Billion Investment in India's Urban Infrastructure

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