Private Investment in Essential Services: A Step Towards Progress?

about 3 hours ago

Earlier it seemed that only Government companies used to undertake different types of projects but now many big businessmen are entering into many industries to grow their money and enter into different fields. See, success is not possible everywhere but if you come with a good strategy and good technology then it makes a lot of difference. I will explain to you with a simple example, you can see the example of Elon Musk has entered the field of space and it is not the only private company, many such companies are entering the space sector and see, the life of all of us as precious and through ourselves, we all leave different kinds of impact on the people around us in life. The people who are more popular and have more money also leave a different kind of impact but some people are very great and they also have a lot of understanding of science and technology and they also create a lot of impact on the whole society. Often we have seen that sometimes even very poor people do such things that surprise everyone.

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Nowadays, the entry of the private sector is being seen everywhere and it is correct in a way because if you look, the rules of private institutions and private companies keep changing according to the government that comes. If any government is working now and has announced more money for a particular sector, then that sector will get more development. If you talk about private companies, businessmen start private companies and see the profit. See, the facilities will be for everyone and everyone has to pay tax. If private companies enter into roads, water and other basic things, then it is also a good thing because, in such a situation, there will be some workload on the government as well. After all, you see that running a government is a big deal. Yes, there are different institutions and departments for everything, but still, if you are in some position and the responsibility of all the work is given to you, then it will be a very headache-inducing task.

But if your work is divided and more people are associated with you, then your work becomes lighter and you do not face so much trouble. If private companies enter the water and road sector, then I feel that development and other things will happen even faster and in a modern way. When there is a government company, many times we see that the technology and the software and tools required are quite old, but when private companies come, many startups are emerging these days, and they come with new technologies. See, the private company owners want to cut their costs and the products they are making should give good results at a low price. So, to make their profit, they make things at a low price. And although nowadays the competition is also very high, it is not that a single private company is increasing its dominance all over the world. The matter of the tech industry is different. If you talk about Facebook, WhatsApp, Google's YouTube, all these come in a different kind of industry.

But if we talk about development, then the engineering companies or the big builders or the different types of companies are way ahead and they have a better understanding of that thing. See, there are different types of companies for every particular sector and there is hardly any company that works in every sector. I believe that if private companies enter into the basic things like roads, water and other things that we all need, then it will benefit the people. The government will collect taxes from them and a burden will also be lifted from the shoulders of the government. See, sometimes private companies can cause loss to others for their profit, but if someone wants to stay in this game for a long time, then they will have to provide good quality products only. You must have seen that we all have to buy a lot of household items, but we buy only those products which last for a long time. So see, nowadays there are many private companies and we all have a choice as to which type of company we will choose. So this is a very simple thing, but most of us want cheap things and we want such things which are cheap and also last long. So in such a situation, if a company is selling this product at expensive prices, then probably we all will look for such a company which provides the same product at cheaper prices.

My personal opinion here is that if private companies enter the field of development, then the development will take place at a faster pace and the development will be done with highly advanced tools which will happen at a much faster pace.