Habba Habba Habba and WALL STREET PILGRIMAGE.
From the same article.
Looking to invest in a new, hot, and relatively stable foreign market? Forget about the Pacific Rim and Latin America -- think India.
India is a hotbed of technology companies, many of which are growing at an average annual clip of 50 percent. During the past decade, the country has transformed itself into a leading offshore software development and IT center, trailing only the United States in software exports.
It has strict regulations about companies listing on the national exchange in Bombay, as well as on exchanges overseas. "Unlike the United States, companies need at least three years of profitability before they can list," says Somshankar Das, a partner at San Francisco-based venture capital firm the Walden Group, which invests in Indian companies.
Robin Richards Donohoe, managing
partner of VC firm Draper International, which solely invests in Indian companies and in U.S. companies that do business in India.
WALL STREET PILGRIMAGE
Big U.S. investors are aware of the potential in India and have made a concerted effort to woo Indians to come to America. Investment banks flocking to India include Merrill Lynch (NYSE: MER), Morgan Stanley Dean Witter (NYSE: MWD), and Goldman Sachs (NYSE: GS). Asset management firms Oppenheimer Funds and Warburg Pincus have started looking for potential buys.
[And imagine all this is, contrary to the MANTRA 'India is made of a 600 million kingdoms', of a certain INTERNAAAAAASHANUL PHUND MANAGER and contrary to the founder of dipyology 101's Mantras 'india is disintegrating', I want my mommy, I WAAAAANT ;) my mommy, I'm going to complain to the web master]
In terms of venture capital, the Walden Group and Draper International are the only major U.S.-based firms scouting for opportunities extensively in the region.
The biggest discovery of the year is that India is a global player."
[All these buggers must be saffron langots to invest in india]
Again, Habba Habba, Habba. |
