Friday, February 22, 2008

Arun Sarin's Bet on India

The Wall Street Journal reports that, "Thirty years after he left
India for a life in the U.S., Arun Sarin is counting on his native
country to revive his company."

Here is an excerpt --
"As chief executive of Vodafone Group PLC, Mr. Sarin is battling to
conquer India, one of the last big frontiers in the cellphone
industry. Vodafone's $10.9 billion investment in Indian cellphone
company Hutchison Essar Ltd., unveiled one year ago this month, was
the country's largest-ever foreign investment. Now, a raft of telecom
companies are eyeing India, including AT&T Inc., which recently
applied for a license to sell service in the country.

Mr. Sarin's move reflects a new development in the globalization of
India's economy. As Indian-born executives increasingly occupy top
positions in the West, some find themselves heading back into India to
expand their businesses. The hope is that they can bring with them an
insider's perspective, and a possible edge over global competitors."

Read the full article at --

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