Sunil Mittal, the chairman and CEO of Bharti Telecom, The chairman mentioned the diversification plans of Bharti Telecom. In times like these, when the academia and the industry experts are saying that stabilization is a better option than expanding now, Mittal's choice of the industry he has chosen is huge surprise pack. However, after a deep insight, I was able to understand that the choice is probably has its own strengths.
Inorder to give the project a kick start in another two years, Mr.Mittal is planning a corpus fund for which the money will be collected from the Rs.80 Billion Telecom business if his and from other sources.
The money thus will be used for investments in Global agricultural scenario and in Airport infrastructure development. These businesses will be run by professional bodies unlike Bharti telecom. Also as he says forays into these areas in the international perspective are limited and the opportunities are unlimited. Inorder to support his claims Mr. Mittal has already acquired a project the Delhi Airport Maintenance Authority to provide top class infrastructure to its International Airport by year 2012.
As a part of the plan to log into the agriculture sector, he is planning to start agricultural production, which surprisingly has not been seen anybody as a potential busine ...