Article in RSS’ Organiser calls Hindenburg report an attack on Indian economy to help China
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New Delhi: The RSS-linked magazine Organiser has linked the recent Hindenburg Research report against the Adani Group of companies to an attack on the Indian economy with the intention to help China.
The report also referred to incidents of farmers' protests and protests against Sterlite’s copper smelter in Tuticorin to describe how these protests had benefitted China.
The article written by Sumeet Mehta and Binay Kumar Singh also called the Hindenburg Research report a precursor to BBC’s documentary that indicted Prime Minister Narendra Modi for the deaths of thousands of people during the 2002 Gujarat riots, calling it a malicious documentary.
The article slammed the Hindenburg report which it said was made “to create suspicion and cast aspersions on the credibility of Indian companies and in turn, on the Indian economy, and thereby stall the fundraising opportunities and options for Indian companies.”
Referring to past incidents such as protests from environmentalists against Indian companies, rioters and vandals, the article said these incidents tacitly benefited China economically, enabling the Communist regime to gain greater market share in the region.
“Indian economy and companies have been subject to various kinds of repeated assaults by vested interests in India and abroad. The forms of attacks are different. Starting with environmental activists, it moved to rioters and vandals, and now finally we are seeing sophisticated financial assaults,” the article said.
The article cited the protests against Sterlite’s copper smelter in Tuticorin to describe how the closure of the copper company helped China to liquidate its stagnated copper inventory. It alleged that the protests were “funded by China using a UK-based NGO named ‘Foil Vedanta’ as a front to target Indian companies and economy.”
The outcome of the closure of Sterlite was that “India becoming a net importer of copper in 2018-19, for the first time in 18 years, from being a net exporter of copper by exporting 3,35,000 MT of copper in 2017-18.”
The article further said those who attacked Reliance JIO’s mobile towers during farmers’ protests were rioters who masqueraded as anti-farm law activists in an attempt to prevent Reliance JIO from going ahead with its 5G plans, which presented hard competition for Chinese 5G vendors.