Doing business in India is difficult. Firstly, if you try honestly you'll never succeed, you only have to look at IRL to see that.
The other way is to try and circumvent all the bureaucracy and there is problems with that too.
"The Enforcement Directorate has attached assets estimated at Rs. 245 crore of Balasore Alloys Ltd., in lieu of the proportionate share of businessman Pramod Kumar Mittal and Global Steel Holding Ltd. in the company. The CBI filed an FIR against Mr. Mittal and others in March. The GHSL sought financing from the State Trading Corporation, which agreed to do so without checking its finances."
http://www.indiawhispers.com/2017/1...-worth-rs-245-cr-connection-rs2112-stc-fraud/
http://worldnews.easybranches.com/r...s-245-crore-of-balasore-alloys-limited-535035
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