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.
Already a subscriber? Log in
Black Friday sale
Subscribe today and get 10 weeks of The Spectator Australia for just $1
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Unlock this article
You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.
Comments
Black Friday sale
Subscribe today and get 10 weeks of The Spectator Australia for just $1
SUBSCRIBEAlready a subscriber? Log in