Tuesday, August 5, 2008

The Bihar Way : Abhay Jha

When I was planning to come back for giving my time and utilizing my skills for development of Bihar, I was thinking that I will have to struggle a lot for awakening the people here. Not only me but lots of successful person who are outside India and Bihar are thinking in the same manner. But after reading the discussions of various groups I came to know that we were totally wrong and thousands of Bihari are thinking and contributing ahead of me for the development of Bihar. Especially I would like to thanks Mr. Arvind Pandey (IPS: 1988 batch), Dr. Ravi, Mr. Nitin Chandra, Mrs. Madhavi Singh Dubey and many others for their on going contribution.

As we know that no one wants to start big projects in Bihar, no one desire to do big investment in Bihar. So what is the solution…? This is a big question..!!!!!

Dr. Ravi is contributing by adopting Amul Way and he will be successful I am sure for that. It is true that we were badly in need of Organization who can follow Amul Way for developing life standard of masses, and we got many e.g. Sudha Dairy, Mr. Kaushlendra (IIMA, student who is selling Vegetable by making Societies in Nalanda), Dr. Ravi (using Microfinance) and others.
But for development of Bihar is it enough..? Do we need some more concepts… some more Way for faster development …..?

Yes I think we Need Reliance Way and Warren buffet way too ….!!!!We need to form an Investment Company or Private equity company in Bihar which can invest in big projects, can start closed Sugar factory, Can establish fertilizer plant, can start wind Power projects and many more big projects. We have skilled manpower among us but Individually we do not have Sufficient fund………..BUT WE CAN FORM A PUBLIC COMPANY COLLECTIVELY BY CONTRIBUTING SMALL AMOUNT EACH OF US (MAY BE Rs 500, 1000, 2000,…..,100000….) AND SELECTING SUITABLE PERSONNEL AMONG US. Each of us will be owner of the company.

We need to follow Buffet way. I believe all of us or most of us know the name of Warren Buffet, the founder of BRK (Berkshire Hathaway Inc.), the richest man on the earth. Buffet, inhabitants of Omaha, USA, started the business by making several partnership firms each of having partners less than 100 (as hedge funds are prohibited by law, not to accept fund from more than 100 persons). Buffet was brilliant in analyzing company, economy and was good decision maker (still he is). By the combined fund of approx $100000 he started investing in several companies and Now after 40 years this is $ 180 billion (Approx. Rs 7,74,00,000 Lacs) company and every resident of Omaha who were with Buffet became owner of more than $100 million (Rs 400 crore).

We can also follow the same approach together we can make a pool of money…register a company…start exploring the opportunity in Bihar and start investing in new and continuing projects. These activities will create employment opportunity in Bihar, faster development of the state and certainly will give more returns to the shareholders (every one who will contribute in the company will get shares in the ratio of their contribution) of the company. I assure minimum 20 % p.a return on investment (ROI) which is far more than what all of us are getting from FD, PO and other investment vehicle. Every major decisions of the company will be taken by the board of directors. BOD will be selected by all of us, by voting.

As I said in my previous discussion…our plan as Buffet way…as condition of USA and India is very different so we can apply this concept in our own way …..We can name it………..

THE BIHAR WAY!!!!!!

At first we will form a Public company….we will make various subsidiary of that for different projects…….I have various Idea regarding this … I am giving an example hereunder…
In Bihar we have very fertile land which is the biggest asset in the world, because these days world is facing shortage of food commodities and it will worsen year after year due to simple principle of economics….demand of agro products is increasing day by day but Supply have limited potential (and we all know that scarcity always create opportunity…do u see any opportunity here…?). But what we are lacking … lack of capital, Uneducated farmers, Lack of advance technology….etc…so I am looking a very big opportunity here…..!!!! We will create a land bank. We will borrow land (on lease) from farmers or we will make them our partner (shareholder according to their land contribution)…we will survey the domestic market as well as International market…produce the same and will sell under our own created brand name…. ..

I have lots of feasible Ideas like this but discussing all these things are not enough we all have to come together to do this…….I am ready for this…..I can arrange few hundreds Acre of land and few lacs of rupees for this project…. Now all of you have to decide how you can contribute …when you are planning to come together……

LET’S COME TOGETHER TO MAKE OUR DREAM TRUE…TO MAKE BIHAR THE BEST PLACE TO LIVE AND WORK…TO SHOW THE WORLD POWER OF SELFLESS UNITY… TO SHOW THE WORLD A NEW WAY …THE BIHAR WAY

Warm Regards
Let’s DREAM, DISCUSS and DO together

1 comment:

Chandan said...

Dear sir,
Its pleasing to note that people like you are taking pro active initiatives to herald changes in Bihar. This is very important; one of our weakness has been that we largely depend upon the government to take care of every basic public necessity.

Once we start chipping in without expecting much from the govt, many problems that we face today can be sorted out.

There are some really good programs which have been successful in Bihar...the commissioning of a rice husk powered electricity generator by two NRI's is a positive case study on how to succeed utilizing local materials and manpower.

There are many other success stories that are taking place in Bihar; the speed is slow, but with people like you who are working for a positive Bihar, we have high chances of success.

Persistence is the key.Persistence and flexibility to adapt to local conditions.

Best wishes,