Reborn as the richest man in India

Anyone who can become a leader in an industry, especially one of the several monopoly companies in the industry, has not planned in advance.

And this kind of layout is often very early, before everyone is even aware of it.

When everyone realized that there were some signs, they had already completed the layout, grasped the overall situation, and had already eaten the fattest part.

If latecomers join in, they can get some share of the soup earlier, but if they join later, they may lose money.

The current International United Mining Company is such a company that laid out its plans in advance.

In terms of iron ore reserves alone, International Consolidated Mining Company is definitely the world's number one iron ore company.

Of course, it is not the first in terms of output. It ranks relatively low and does not match its reserves.

This is because in recent years, International United Mining Company has mainly spent its energy on acquiring mines and exploring mines, and has not invested so much in production.

There are market reasons for this, because the steel market is still relatively sluggish and the demand for steel production is not that great, so the production line was not expanded immediately.

The second is that Qiao Ge knows the market trend and will definitely not invest funds in expanding the production line during this period. The most important thing is to acquire as many mines as possible.

Now many large companies have begun to join the rush to buy mines. It is really a waste of money to buy mines. Only by buying them can they slowly start production in the future.

Only when you have mines in hand can you not panic.

Once the mine acquisition is almost completed, it will be completely time to slowly expand productivity.

Because the spring of the steel industry will not come for several years, Qiao Ge can naturally tell which one comes first.

The financial crisis of 1997 was still brewing, and its destructive power spread to Bangzi countries.

A large number of companies in the Bangzi Kingdom went bankrupt, and many of them were large consortiums that ranked high in the rankings. They also collapsed one after another.

Kia Motors, for example, couldn't resist and went bankrupt and was liquidated.

This is why Hyundai later acquired Kia, still with the support of the government.

Then there is the national donation. Unfortunately, these cannot change the fact that the country is hit by the financial crisis. What use can this little gold do?

Speaking of which, there are still huge risks in the country itself, such as debt, insufficient foreign exchange, etc.

As a result, it cannot even withstand the impact of the spillover from the Southeast Asian crisis, and its own economy is too fragile.

Since the Plaza Accord in the island country, the yen has appreciated, and many industries on the island have been transferred to the country. At the same time, capital from the island country has also invested heavily in the country.

But when the financial crisis occurred, the capital of the island country retreated in large quantities, causing the stock market to fluctuate and fall.

It can be said that Bangzi Country was cheated by the island country.

But from the perspective of island capital, they are right. They quickly recover their funds to avoid losses, and also to ensure their own domestic security.

After all, it is still your own problem and risk control problem.

The economic development in the past few years has made Bangzi lost. The name of the leader of the Four Little Dragons is so loud and glorious, and the risks have been forgotten.

Then it was tragic.

To strike iron, you need to be strong yourself.

The time came in 1998.

Lupa and others came to find Qiaogo again.

"Boss, the exchange rates and stock markets in Indonesia and Malaysia have plummeted, and various assets have also plummeted. Can we enter the bargain hunt?" Rupa was the first to ask.

During this time, they were very concerned about the situation abroad.

Especially in terms of economics, the financial crisis that has attracted the most attention is the financial crisis in Asia.

Speaking of which, India has also been greatly affected and its economic growth has slowed down.

But India is much better than those Southeast Asian countries.

Of course there are reasons for this. In 1991, the country almost went bankrupt due to lack of foreign exchange.

Therefore, in recent years, India has attached great importance to foreign exchange, and its foreign exchange reserve level is higher than that of Southeast Asian countries.

Moreover, I had the experience of almost going bankrupt, and I still had lingering fears. Banks were also restrained and conservative in lending.

Compared with these Southeast Asian countries, India's fundamentals are much more stable and its debt is relatively low.

Therefore, although India has been affected, it will not be as miserable as those countries in Southeast Asia.

Now that Lupa and the others saw the tragic situation of the countries around them, their minds began to become active.

Because they have accumulated some dollars in their hands.

Although Qiao Ge has not taken them to invest overseas, they are still trying to save as many dollars as possible these days.

They feel that this financial crisis is a very good opportunity.

This opportunity is indeed reserved for those who are prepared.

Although they said they were prepared, Lupa and the others actually felt that they had missed the mark.

No matter what, they now have U.S. dollars in their hands, and they have an advantage in their subsequent investments. The sharp fall in the currency exchange rates of Southeast Asian countries means that the U.S. dollars in their hands are more valuable, and they can buy various high-quality assets at low prices.

"Let's keep an eye on it," Qiaogo said.

"Are you still going to wait?" Hebicha asked, "Do you think you haven't fallen to the bottom yet?"

"Is this almost done?" Noma asked. "The exchange rate has plummeted, and our own assets have plummeted. If we use US dollars to take over now, then one US dollar will really be used as three to five US dollars."

The asset prices of Southeast Asian countries have greatly depreciated, and they have been directly cut off at the knees, or even worse.

At this time, no one wants to sell it.

Because everyone wants to sell and feel like they are getting some money back.

"It can't be so fast." Qiao Ge said with a smile, "The financial crisis has not passed yet. If we invest now, wouldn't we end up halfway up the mountain?"

"Okay, it's up to you." Lupa smiled.

Others also smiled.

Of course, they have done research and homework on the financial crisis and know that it is not completely over yet.

But in their opinion, this crisis should be at an advanced stage.

If you seize the opportunity well, you can be the first to enter when the crisis is just over, and you can maximize your benefits.

But of course they are also worried. This kind of opportunity is too difficult to grasp. For example, if Qiao Ge said that he could buy the bottom half of the mountain, it would be great fun.

The US dollars that people like me have managed to raise will suffer heavy losses if they fail to do so.

After all, there are too many people who want to copy the dip halfway up the mountain, or even at the neck.

In short, when it comes to large amounts of investment, especially in an environment of financial crisis, the situation is complex and changes rapidly. It may seem like a good opportunity, but it will suddenly give you a big reversal. These are lessons learned from the past, and you must be cautious. Be careful.

Now that Qiao Ge said this, they felt a little more at ease and calmed down, and temporarily put aside the idea of ​​​​investing at the bottom.

In short, they must be following Qiao Ge's footsteps.

If Qiao Ge said to move, they would move. If they didn't move, they would definitely not move.

"I want to tell you one more thing. Mukesh once came to me and chatted for a while. I know what he meant. He wanted me to help you find out what you are talking about." Hebicha said, "The price of petrochemical products here is In terms of this, can we mention it a little bit?”

"Hey, Reliance can't stand it?" Lupa said with a smile.

"How can they bear it?" Hebicha said with a smile, "Our crude oil imports are much cheaper than theirs, and the cost is much lower. They are not as good as us in terms of price, and they cannot compete with us at all."

Everyone turned their attention to Qiao Ge, who still had to make up his mind on this matter. (End of chapter)