Exchange with K.H. Hillel about Possibility of Investing in Bombay Factory (1961)
My Dear Mr. Hillel: I am writing to you at the suggestion of our mutual friend, Mr. Manfred Sondheimer of New York City. May I preface my remarks by saying that I was in India last year on behalf of the Union of Orthodox Jewish Congregations of India. I have been approached by a New York Jew who is a producer of sweaters and is interested in establishing a factory for the same purpose in or around Bombay. His name is Mr. Joel Klein of Klein Knitting Mills, 774 Fulton Street, Brooklyn, New York. He is willing to invest from fifty to one-hundred thousand dollars or thereabouts, if Indian investors can be found to match his investment (i.e. more, for Indian law requires 51% control by Indian citizens). We understand that the Indian government lends up to 75% (in addition to the above amounts) at five years interest free. Mr. Sondheimer has suggested that perhaps you or your business acquaintances might be interested. My interest in this matter is to be able to provide employment for the Jews of Bombay, both Iraqi and Bene Israel, in such a manner that they will be allowed to observe the Sabbath and holidays. I have asked Mr. Abraham Jhirad, Executive Director of the Union of Orthodox Jewish Congregations of India in Bombay to discuss the matter with you. I would appreciate it if you would give the matter your prompt attention. Sincerely yours, Rabbi Norman Lam