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Strategies & Market Trends : Asia Forum
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To: Worswick who wrote (1678)1/29/1998 7:58:00 AM
From: LKO  Read Replies (1) of 9980
 
Crony capitalism... a few sage words from the front lines kids.

It was interesting to read about your experiences in India.
The losers I guess are the people of India while the corrupt
rule. There was an interesting article in the January 1998 issue
of "Inc" magazine which is targetted towards entrepreneurs
and managers.

The article "The Antihero's Guide to the New Economy" talks about
a persons success at putting together a successful software
company in Bahamas after first attempting it in India
(Quote: "Took us two damn years just to get incorporated").
Its primary focus is not about India but you may still find it
interesting. He gets people from India and other places to a place
with good living conditions, infrastructure to do business
(i.e no red tape) and customers from US do not have to venture far.

Online version without the pretty pictures :-) can be found at:

inc.com

I also knew a gentlemen of Southeast Asian origin (probably Taiwan)
with considerable family wealth who tried to set up a software
development in Bangalore along with entrepreneur friends in India.
He attempted it for over 2 years but gave up. I do not know the
details but it the brief reasons for failure were local politicans
and the evil Indian Customs in Bombay which made his life
miserable. Last I knew he had relocated his shop successfully to
Singapore and employs the same people from India and claims it
is cheaper and more efficient to do it from there as he does not
have to deal with infinite amounts of nonsense he had to in India.
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