saying because then you might as well let them run the company investors are often driven by sentiment and its not always possible to have a complete view for an outsider as management we got to be focused on our management strengths and what areas we need to focus on our philosophy at idea is to do the right things and the stock price will do the right things for you aluminium has not received the same treatment as steel in terms of protection from cheaper chinese imports aluminium is an international story although the situation is nowhere as bad as it was with steel there is a very clear case for protection from the chinese why should you have large investments in the sector and then have markets met by chinese producers there is a clear case of intervention required and the speed of that intervention is important most advanced countries have been very prolific in taking up barriers be it tariff or nontariff barriers despite doing that they are compliant with the benchmarks of the imf international monetary fund then why should not the same apply for india why should we need to be holier than thou that is the moot question that one needs to address do you think auctions of natural resources such as spectrum have permanently pushed up the cost of doing business in the country if you take a long enough view on coal prices what happens when international prices go up it is all very relative today it seems expensive but at that time it seemed very reasonable but there are global and dynamic forces at work when you are buying resources you are buying it for the next 2530 years so you cant say over the length of the asset buy it is going to be expensive basically we are saving 40 per cent of our requirement for hindalco so there is a natural hedge built on that would it be right to say the group is in consolidation phase it is growing across financial services idea retail is growing and cement will grow once the economy picks up but yes we have come off on the back of a large capex programme but growth and consolidation are there we keep consolidating and then growing growth spurts have to be there with consolidation any plans for new businesses within financial services asset reconstruction is an interesting business there are growth opportunities within existing business one wants to completely flesh out and then move because that is the most natural way to grow we will constantly scan the background keep the gun powder ready but not start new businesses just for the novelty value of it what are your thoughts on valuations of ecommerce firms i think that now there will be interesting things happening in ecommerce business that is my intuitive sense lots of people will see cash flows are getting turned off and because of that you will see consolidation in