Its on the red for reasons the group puts on Cheap products from Asia, cost of raw materials, Energy needs, Exchange rates and ever rising labour and admin costs all totalling to a bigger margin on cost of sales.
Ok, they put up the Sameer park with investors money that is slow to be taken up for certain business like Tech and BPOs.
My BIG idea to the Group is to realize that we cannot ignore China as a global Market leader on anything, so why not partner with one big Chinese tyre and tech firm and let the have 35 to 49% holding so that they stopready made tyres from China, help source materials and even provide cheap energy?
Sameerpark could also be a good block for a chinese Bank and offices.