Neo Colonialism

The buy out of Corus (erstwhile stolid British Steel merged with a dutch company) has had the Corus union in UK worried: obvious fear of job loss compounded by the fact that the jobs would be determined by and Indian company. Normally, the Brits are pretty tolerant and Bindas and the anti outsourcing lobby does not work threre half as well as it works in US. But as they say even the worm turns at last... Like the Indians have a high level of tolerance till you show Krishna as a vicious political animal, or try to paint pictures of Allah or think of releasing the last temptation. Let us face it, Corus is a very inefficient company and Tata Steel is very efficient. J N Tata while planning to establish a steel factory (which became TISCO the forerunner of Tata Steel) had returned empty handed from UK: he had gone there to raise money and seek exeprts in prospecting etc. He was told that the idea of building a steel plant in India was a pipe dream [I am sure the Vitorian Englishment would have used more soothing words to drive this message home to Mr Tata] Subsequenltly much of the technical expertise was brought in from the US and much of the money was raised in India [Mumbai]. This is history turning on its head:) Tata's of course have never detached themselves from the brits. In the initial years Tata Steel survived and thrived on guaranteed orders from the India Railways [which was owned by British stockowners] and Tata House in Grosvenor Square in London has been as venerable a sign of Indian presence in UK as the India House off London School of Economics.
India is the fourth or third largest inward investor in UK and with the corus deal we would have expected the following:
Airtel to take over Vodaphone in the next 3 years, BSNL to buy out British Telecom, DMRC to buy of London Underground; Vijay malla to buy out White and McKay and give us some good scotch at Indian prices; Appollo Group with eh support of Max can buy out National Health; HDFC and ICICI can make a joint pitch for the Insurance companies in Scotland and the Indian BPOs can buy out the Irish ones. As my Bangladeshi Brit friend in Whitechapel would say "In your dreams buddy"