Sajjan Jindal: The Art Of Managing Business & Politics

JSW Group Chairman Sajjan Jindal is hogging the limelight for his announcement to invest Rs 22,000 crore for the expansion of Dolvi plant in the coastal Raigad district in Maharashtra with an annual production capacity of 14 million tonnes. Already, the Maharashtra Industrial Development Corporation has notified 750 acre of the total 1,600 acre land. Jindal’s investment decision has raised eyebrows especially among those in the ruling Shiv Sena. Many in the Sena know about the proximity Jindal enjoys with Prime Minister Narendra Modi. The Sajjan Jindal group was also associated with the redevelopment of Kedarnath and Badrinath when the holy cities were severely devastated by floods and landslides in June 2013.  It is believed that Jindal had organised the PM’s meeting with Pakistan’s former PM Nawaz Sharif. Against this backdrop, some of the Sena leaders are wondering why Jindal agreed for big investments in Maharashtra which is now ruled by their party, in alliance with the Congress and the NCP, instead of any of the BJP-ruled States. Clearly, all businessmen know the consequences of putting all eggs in one basket. There are lessons galore of businessmen who forget this simple principle.