29 Dec
2005
29 Dec
'05
3:34 p.m.
On Thursday 29 December 2005 13:56, JTD wrote:
We simply did not have the financial and other infrastructure necessary to go global. Indian companies also did not have an incentive to go global given the fat margins and lack of competition in the local market.
Oh yeah. I remember Narayan Murty telling in an interview how difficult was it then for Indian companies to go global. Heck! He said it took them 2 years to get a telephone connection and around the same time to get computers imported into India! :|
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Dinesh A. Joshi