The unfolding scenario with respect to Kashmir now reveals a well-thought out strategy behind abrogation of Article 370 and 35A as these clauses had been a barrier to the unfettered plunder and loot of the Kashmiris and their resources by the corporate speculators and financial cronies. The Modi regime which in its compradorial role acts as a facilitator of corporatization, on account of this, has already led India to an unprecedented economic collapse as manifested in diverse forms. But, due to its 'special status', unlike in other parts of India, J&K has been relatively immune from this predatory plunder and pathetic situation thereof.
However, following the Constitutional coup transforming Kashmir into a prison house as the most militarized region in the world and caging the entire Kashmiri people violating all their fundamental rights, now Modi regime is laying down red carpet for all corporate plunderers, both foreign and Indian. To facilitate this neoliberal task, the comprador Modi regime is going for a Global Investors Meet in Srinagar during October 12-14 this year and the task of accomplishing this has already been entrusted to Reliance led by Mukesh Ambani along with Confederation of Indian Industries (CII). Revealingly, to tide over its crisis, the RIL has entered into a strategic deal with Saudi’s Aramco, the biggest oil giant, acquiring 20 percent of RIL ownership at a price of Rs. 1.1 lakh crore. This deal among other things has ensured the support of Saudi, the embodiment reaction, so called guardian of 'Ummah' (Islamic Community) and above all the West Asian pillar of US imperialism, to Modi's Kashmir move -- once again underlining the power of finance capital, the supreme arbiter in all political dealings today.
Thus, to be precise, by its naked sellout of Kashmir to corporate financiers along with the ongoing surrender of Indian economy as a whole to imperialist capital, Modi regime has succeeded in ensuring the support of all imperialists. In this context, Pak foreign minister's desperate comment that the leading world powers "will not back Pakistan on the issue due to their economic interest in India where many are strongly invested” conveys the political undercurrents behind the move.