For American business, India is the new land of opportunity

[OhioChick]

6 Apr 2010, 1231 hrs IST,IANS


WASHINGTON: From healthcare to technology to media, there is growing excitement in every sector in the United States about India, not just it's cheaper to do business in India but for the opportunities that a nation of 1.2 billion people with its growing economy offers.

This came out loud and clear at Duke University's second annual India Business Forum in Durham, North Carolina, as business leaders, professionals, alumni, faculty and students last week turned the spotlight on India.

"There is tremendous excitement about India," Debu Purohit, professor of business administration and academic director, India, and one of the forum organisers, told IANS.

Looking at challenges of doing business with and within India from the perspective of either Indians in India or from that of multinationals, the focus was solely on a cost-driven argument, he said.

"The change that's coming about is that there is now a reason to be in India for the Indian market," Purohit said, noting that many of the students who wanted to start a company earlier chose California or the Silicon Valley.

More: http://economictimes.indiatimes.com/articleshow/5766106.cms

[ixion]

1. Uh-huh, and the Americans who helped them build that bridge

can stuff their careers in a sock. That's the attitude.

[BlueJazz]

2. I've been to India. No disrespect but I'll pass.

[Demeter]

3. Looking for New Victims

Hope they get their heads handed to them, starting with Timmy and working through the entire Administration. India has not survived by being a sucker.

I am hopeful that between Europe and Asia turning their backs on the crooks, the banksters will go down and their firms fail.

[applegrove]

4. I was talking to someone who invests. He said it was illegal to buy stocks in India unless you are

Indian.