Indian tycoon defends hostile takeover bid for broadcaster

Efforts by Gautam Adani, Asia’s richest man, to purchase NDTV triggered debate over press freedom.

A smiling Gautam Adani in a suit
Asia's richest man, Gautam Adani, has international media ambitions [File: Sanjeev Verma/Hindustan Times/Getty Images]

Indian billionaire Gautam Adani mentioned he sees the takeover of outstanding broadcaster New Delhi Tv Ltd (NDTV) as a “duty” relatively than a enterprise alternative, amid an outcry the acquisition will gag the press on the planet’s largest democracy.

In an interview with the Monetary Instances printed on Friday, Asia’s richest man mentioned the media ought to have the “braveness” to again the federal government when it's in the appropriate.

“Independence means if authorities has achieved one thing mistaken, you say it’s mistaken,” mentioned Adani, who's near Prime Minister Narendra Modi.

On Modi’s watch, India has dropped 10 locations within the international press freedom rating by media watchdog Reporters With out Borders, and is ranked 150 of 180 surveyed nations.

Journalists who're important of the federal government are harassed, arrested and subjected to widespread abuse on social media by supporters of Modi’s governing Bharatiya Janata Social gathering (BJP).

In August, an Adani Group firm not directly acquired a 29-percent stake in NDTV and was bidding for an extra 26 p.c. The takeover bid stays incomplete.

NDTV is among the many uncommon Indian broadcasters which are important of the federal government and don't all the time toe the official line.

“Why can’t you assist one media home to develop into unbiased and have a world footprint?” Adani informed the newspaper, including that “India doesn't have one single [outlet] to check to Monetary Instances or Al Jazeera.”

Adani – whose pursuits vary from Australian coal mines to Indian ports – mentioned he could be launching a “tremendous app” in three to 6 months to attach Adani airport passengers with different providers of his conglomerate.

He additionally plans to speculate greater than $4bn in a petrochemical advanced within the western state of Gujarat, the place each he and Modi come from.

Post a Comment

Previous Post Next Post