In 1992, the Enron Development Corporation, a subsidiary of the Houston-based energy company, signed a contract to build the largest-ever power plant in India, requiring a total investment of $2.8 billion. After Enron had spent nearly $300 million, the project was canceled by Hindu nationalist politicians in the Maharashtra state where the plant was to be built. Which of the following are true?
A)This move by the government played well with Indian voters with visceral distrust of foreign companies since the British colonial era.
B)This move by the government was widely criticized in India on the grounds that it would deter future foreign investment.
C)This move by the government was widely criticized in India on the grounds that severe power shortages have been one of the bottlenecks hindering India's economic growth.
D)None of the above

Question

Quizplus · Accepted Answer

The cancellation resonated with Indian voters who had a historical distrust of foreign companies due to colonial experiences.

In 1992, the Enron Development Corporation, a Subsidiary of the Houston-Based