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Features Australia

India’s economic promise

Look out, China

25 May 2024

9:00 AM

25 May 2024

9:00 AM

Socialist George Fernandes (1930 to 2019) was the Indian industry minister in 1977 who enforced the law that foreigners could not own more than 40 per cent of an Indian enterprise. Coca-Cola and IBM fled India rather than comply, especially, in Coca-Cola’s case, when New Delhi demanded the company tell Indian shareholders the secret syrup formula.

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