Business Standard

Foreigners and foreigners

Related News

The continuing collapse of the India story is generally supposed to have taken its toll of foreign investors’ optimism. Yet not all foreign corporations are the same. Asked about and other issues on the sidelines of an event in Mumbai recently, a senior official with a storied commented that the “media might not believe in the country, but we believe India has great potential”. His company’s belief and optimism were unchanged, he added. On being asked why, he pointed out that, perhaps, his corporation had the benefit of perspective, and an institutional memory of times that were much more difficult: “We have been here for the last 150 years. We will be here for the next 150 years at least.”

Read more on:   
|
|

Foreigners and foreigners

The continuing collapse of the India story is generally supposed to have taken its toll of foreign investors’ optimism. Yet not all foreign corporations are the same. Asked about subdued growth and other issues on the sidelines of an event in Mumbai recently, a senior official with a storied foreign bank commented that the “media might not believe in the country, but we believe India has great potential”. His company’s belief and optimism were unchanged, he added. On being asked why, he pointed out that, perhaps, his corporation had the benefit of perspective, and an institutional memory of times that were much more difficult: “We have been here for the last 150 years. We will be here for the next 150 years at least.

The continuing collapse of the India story is generally supposed to have taken its toll of foreign investors’ optimism. Yet not all foreign corporations are the same. Asked about and other issues on the sidelines of an event in Mumbai recently, a senior official with a storied commented that the “media might not believe in the country, but we believe India has great potential”. His company’s belief and optimism were unchanged, he added. On being asked why, he pointed out that, perhaps, his corporation had the benefit of perspective, and an institutional memory of times that were much more difficult: “We have been here for the last 150 years. We will be here for the next 150 years at least.”

image

Read More

Singh and Sher

R P Singh, the former Comptroller and Auditor General (CAG) official, has been hogging the limelight for turning the heat on his former boss, ...

Recommended for you

Advertisements

Quick Links

Financial X-Ray Rss icon

Future Retail: Operational metrics improve in Q4

Retail business sales grow 18%, operating income rises 24%

SBI: Asset quality improves in Q4, operating income up 17%

Profit growth supported by the special dispensation by RBI on sale to ARC, usage of counter cycle buffer

Back to Top