chetak wrote:They may even sell to you but will very severely hobble you by putting very very stringent conditions about intellectual property transfer.
So the buyer will simply wind up bankrolling a bunch of fat, lazy, entitled, perk grabbing brits as well as their effing pensions for life.
They have already done this hobbling in the case of the Tata JLR deal.
and see how we got effed in the corus deal, essentially becoming payroll masters and very little else.
If things were as easy as you say, beggars would be selling jet engines, no??
Quick comment - Ramana saar already issues warning. So I won't stretch his patience no more. This would be last from me.
IPR will be as much restricted as it will be in any other biz model, be it JV, be it that you own it. But when you own it you control it to better extent than just being a customer. Also not everything is under restriction, low hanging fruits (MRO for example) can be plucked. And you can slowly infuse key tech back to home products. (Tata Motors is doing it). And with RR you are directly No-2 Civil engine OEM. Try to go solo and it will be 30yrs before we even have one engine flying on civil jet.
Getting jet tech is a long term planning. There is no easy way. Hard work will be there in any option. Clearly we as a Nation do not want to seat down and do it ourselves but rather want it to be served on silver platter to us by throwing some money or quid pro quo. Then better be this way than begging it. But for me first preference is still DIY.
Corus fiasco is completely different issue. Steel industry was highly distressed after 2008 downturn. Chinese dumped cheap steel all over the world and the meek powerless Brishit govt refused to put anti-dumping duty to protect UK steel industry. Tatas were at wrong location at wrong time. But all OT here.
BTW that begging is our attitude not our economic condition.