Wednesday, November 11, 2015

FDI in construction business

A lot of foreign investors invest in Indian construction companies. And there are foreign architects who design homes.
That is fine. But they should study the Indian scenario and the needs of the Indian people and then design the homes. The modern apartments do not have grilles for the windows!! They would design an apartment with floor area of close to 2000 sq.ft. but there would neither be a pooja room nor a store room!!
A little over two months back a company with FDI in the construction business after negotiation entered into a contract with us for the supply of a quantity of air-conditioners. But they never made the advance payment. Around a fortnight back I asked them and they said the cheque has been received. When I sent my representative they didn't give the cheque. They said they would come and give it to us.
A few days later when contacted they said there is some delay in the project and that they would make the payment five days before they actually needed the machines and kept the delivery date open ended.
It is fine. We have not supplied the machines to them. But machines earmarked for them are lying in our godown and we are staring at them every day!!
A manager may say " Come rain or shine I want the job to be done. I want only results."
But there is something known as ground reality.
It is monsoon season and nobody would start any building activity right now. Also construction work here would not start before bhoomi pooja and this is usually done after Pongal. That is the practice.
Come on,  as prudent businessmen we should be able to foresee such eventualities!!

No comments:

Post a Comment