While I congratulate desi-bidnesswallas for doing so well in UK and
elsewhere, one question appears like a baffling conundrum to this
witless observer:
** How is it that desi-bidness is making a bee-line to Britain, while
the 'des' is desperately seeking FDI from elsewhere? I could
understand if they run from Assam or the NE but form 'des' itself?
What in Ganesh's name going on out there?
Am I hearing things again? Or is there a plausible explanation that
escapes this numbskull?
cm
India breaks into top league
RASHMEE ROSHAN LAL
TIMES NEWS NETWORK[ MONDAY, JUNE 13, 2005 12:10:44 AM ]
Surf 'N' Earn -Sign innow
LONDON: In an extraordinary updating of history, London's mayor has
boldly gone where the Grand Old Man of India once went before, by
reversing Dadabhai Naoroji's 1901 theory of the drain of wealth from
the Ganges to the Thames.
Now, says mayor Ken Livingstone in a new report due out on Monday
night, there is a constant and cheering mutually-beneficial flow of
wealth from the Ganges to the Thames with Indian foreign direct
investment in the British capital second only to that of the US.
Livingstone's report, titled somewhat cheekily From the Ganges to
the Thames, says London was the destination for 55 of 119 Indian FDI
projects in Europe between 1997 and 2004. It represents a remarkable
rise from a grand total of just five Indian FDI projects in 1997.
The report, commissioned by the mayor to reflect the altered reality
of voluntary Indian contribution to the British economy, uses the
Ernst and Young European Investment Monitor to identify trends and
patterns of Indian FDI into London, the UK as a whole and the
rest of Europe.
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