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Out of favour

JP Gaur snubbed by Modi
Enter Vol.14 ISSUE 7-9 DECEMBER 2020

Jai Prakash Gaur, the industrial icon of Jai Prakash Associates, is under severe financial stress especially since 2014. His industrial empire had phenomenal growth during the regime of the Congress Party and Mulayam Singh Yadav. But his unprecedented growth was seen in the regime of Mayawati. Now, Mayawati and Gaur both are under severe pressure from the powers that be in Uttar Pradesh. Gaur had to exit from the cement and power business to come out of the clutches of insolvency. The saving grace for JP Associates is their out-of-India ventures especially in neighbouring countries. In fact, Gaur has wonderful relations with the rulers of these governments. It is learnt that Prime Minister Narendra Modi visited one of these neighbouring nations. The king of the nation hosted a lunch on the last day of Modi’s visit. Top-ranking government officials and industrialists of the beautiful country also attended the lunch. Gaur was also invited and he attended it too. This appeared to be a big faux pas on the part of the neighbouring country’s government. The reaction on Modi’s face on

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